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RBI approves proposal to introduce Rs 200 notes

RBI approves proposal to introduce Rs 200 notes

New Delhi: In a report, it has been stated that the Reserve Bank of India has approved a proposal to introduce Rs 200 notes in the country. Now, the Central government after signing off the proposal, the new denomination notes will start being printed around June.

Sources said, if approved, this will be the second new denomination of currency to be introduced after the government had demonetized Rs 500 and Rs 1,000 notes in November 8, 2016. The Rs 2,000 note had been introduced, but there has been a shortage reported of smaller denominations like Rs 100 because tendering change for Rs 2,000 has proved to be a problem.

After demonetization, a new version of the Rs 500 note was announced. Reports also stated that new Rs 10 and Rs 100 notes would also be introduced. RBI chief Urjit Patel had said around Rs 9.2 lakh crore in new notes was introduced into the economy after demonetization. This was in response to a Parliamentary Committee investigation into how the Centre had handled demonetization.

 

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