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RBI becomes first central bank with one million followers on Twitter

RBI becomes first central bank with one million followers on Twitter

RBI becomes first central bank with one million followers on Twitter
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By Pradeep Suresh  Nov 22, 2020 3:35:14 PM IST (Published)

Established in 1935, the RBI is based in Mumbai and is fully owned by the government of India.

Reserve Bank of India (RBI), has become the first central bank in the world to have one million followers on microblogging site Twitter. “RBI Twitter account reaches one million followers today. A new milestone. Congratulations to all my colleagues in RBI,” RBI Governor Shaktikanta Das tweeted. The achievement is even more significant as India’s central bank joined the networking site only in January 2012.

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Among the central banks, Mexico’s Banco de Mexico comes second with over 7.7 lakh followers and Bank of Indonesia comes third with over 7.5 lakh followers. The rising number of followers is also significant as it comes at a time when millions of Indian’s are looking towards RBI as the country is slowly recovering from the effects of the lockdown.
Other central banks to have a significant number of followers on Twitter include US’s Federal Reserve System (6,77,000 followers), European Central Bank (5,91,000), Central Bank of Brazil (3,82,000) and Bank of England (3,17,000).
Established in 1935, the RBI is based in Mumbai and is fully owned by the government of India. Its responsibilities include the issuance and supply of the Indian rupee, regulating the banking system and promotion of India’s economic development among others.
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