• Source:JND

The Press Information Bureau (PIB) has debunked a series of media reports and social media posts that claimed that the Reserve Bank of India sold 35 tons of gold. In a post on X, the official account of PIB wrote, “Various news articles and social media posts are claiming that the Reserve Bank of India has sold 35 tons of gold from its reserves.”

The PIB fact-check wing deemed this news to be fake and asked citizens to be vigilant and keep a check on the circulation of this kind of misinformation in the public domain. The PIB also wrote that for any official information on financial announcements and decisions, concerned people should visit the official website of the RBI.

How Did The Misinformation Spread?

Amidst global uncertainties and economic tussle, a viral post circulated that the Reserve Bank of India sold 35 tons of gold, thereby reducing the national foreign exchange reserves to approximately USD 695 billion. 

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PIB Debunks RBI’s New Rules  

In a separate incident, the PIB debunked claims that the RBI has introduced new rules with regards to old Rs 500 and Rs 1000 notes. In a post on X, the PIB wrote, “Has RBI really announced 'new rules' for exchanging old ₹500 & ₹1000 notes? Some news reports claim that the Reserve Bank of India has issued new guidelines to exchange discontinued currency notes.” The post further said that the claim is ‘Fake’ and no announcement has been made by the RBI in this regard. 

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The official Twitter handle of PIB asked the people to always remain vigilant and check official governmental sources for verification. The fact-check wing of PIB is a government-owned fact-checking unit responsible for verifying false news. Citizens can raise their personal queries regarding any post that they see as 'misinformation' by calling +91 8799711259 or through an email at factcheck@pib.gov.in.

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