FLO Indore, under the leadership of Chairperson CA Shweta Agrawal, hosted a thought-provoking session titled “Money, Many Stories” featuring Mr. Sudhakar Kaza, former MD of Bharatiya Reserve Bank Note Mudran Pvt. Ltd. and ex-Principal Chief General Manager, RBI.
Mr. Kaza offered rare insights into India’s currency system, from the evolution of banknote designs to the rationale behind note size and color changes, ensuring accessibility for the visually impaired. Sharing behind-the-scenes details, he noted that post-2005, Indian notes carry 51 security features and RFID signals, and are printed entirely on indigenous cotton-based paper.
Discussing demonetisation, India’s third, he highlighted its long-term impact—boosting transparency, curbing unrest, and driving PAN-Aadhaar linkage. He clarified that the ₹2000 note was a temporary measure to restore liquidity, printed secretly by 2000 professionals in a 90-day operation.
Touching on GST and global comparisons, he praised India’s successful reforms and citizens’ resilience, noting, “The common man has uncommon common sense.” Chairperson Shweta Agrawal lauded the session for revealing “the vision, resilience, and nation-building stories behind every note.” The event concluded with an engaging interactive Q&A.