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Although the RBI has the power to print Indian currency, the government still has the final say on a majority of the Reserve Bank's actions. For example, the government decides which denominations are printed and the design of the banknotes, including the security features.

American paper currency comes in seven denominations: $1, $2, $5, $10, $20, $50, and $100.

Indian 1-rupee note (India)Weight90 GSM gSecurity featuresWatermarkMaterial used100% (Cotton) Rag ContentYears of printing1917?1926 1940?1995 2015?9 more rows

The Federal Reserve creates money when it decides that the economy would benefit by it doing so. It creates money not by printing currency but by effectively adding funds to the money supply. The Fed does this in various ways, including changing the target fed funds rate with the goal of affecting other interest rates.

The U.S. Federal Reserve controls the money supply in the United States, and while it doesn't actually print currency bills itself, it does determine how many bills are printed by the Treasury Department each year.

This decision is based on a number of factors, such as the country's economic growth, inflation, and the level of liquidity in the economy. The first factor that the RBI considers when deciding how much currency to print is the country's economic growth.

In essence, it is the Growth Rate + Destruction Rate that drives the overall print order. Historically, the destruction rate accounts for an average of 90 percent of the overall order that the Board places with the BEP every year.

Denominations. American paper currency come in seven denominations: $1, $2, $5, $10, $20, $50, and $100. The United States no longer issues bills in larger denominations, such as $500, $1,000, $5,000, and $10,000 bills.

The Federal Reserve Board currently issues $1, $2, $5, $10, $20, $50, and $100 notes. Click on the notes below to learn more about their design and security features.

The U.S. stopped printing the $1,000 bill and larger denominations by 1946, but these bills continued circulating until the Federal Reserve decided to recall them in 1969, Forgue said.