Followed by demonetization in November 2016, the new Rs 2000 and Rs 500 notes were introduced by the Reserve Bank of India. Rs 2000 is the highest denomination note presently under use while the Government has planned to introduce Rs 200 notes to make the daily transactions easier. Also, reports confirm that Government started printing of Rs 200 notes and they will debut soon into the business operations.
RBI started printing of Rs 200 notes to make daily transactions easier
After demonetization of Rs 1000 and Rs 500 notes people have faced several problems regarding money transactions. Also, getting change to a Rs 2000 note has become a great challenge for the common people. After Rs 2000, Rs 500 is the next denomination. People are suffering from daily transaction problems due to this situation. To overcome this the Reserve Bank of India (RBI) has planned to introduce Rs 200 notes soon.
“For day-to-day transaction purposes, the introduction of 200 rupee notes will add to the ease of operations,” the ET quoted Soumya Kanti Ghosh as saying.
It’s not only Rs 200 notes, there have been discussions of the Government issuing Rs 1000 notes too previously. There were many reports directly after demonetization that said the RBI and the administration would release another arrangement of Rs 1000 notes.
Prior in February, the Indian Express revealed that the RBI had as of now began generation of the new Rs 1000 note. As indicated by the report, the new cash was booked to come in January, be that as it may, it was postponed because of the squeezing need to supply Rs 500 notes.
This wasn’t the main media give an account of new Rs 1000 cash notes. Two days after the demonetization, the sources had detailed that the RBI would issue new money notes in sections of Rs 1000 with new outlines, determinations and upgraded security features.
The report quoted no less than Economic Affairs Secretary Shaktikanta Das who said: “In due course, Rs 1000 notes will come back in the market with new dimensions, new design and new colour.” Shaktikanta Das was speaking at the Economic Editors’ Conference.