Sunday, November 19 2017

August 24, 2017

Reserve Bank of India to issue Rs 200 notes

Govt has given clearence to RBI to issue Rs 200 notes that will ease pressure on lower-denomination currency bills.In a notification of Finance ministry , said that on the recommendations of the Central Board of Directors of the RBI, “the central government hereby specifies the denomination of banknotes of the value of two hundred rupees”. The new Rs 200 notes are likely to be in circulation shortly.According to sources, the exercise of printing Rs 200 denomination notes is being undertaken to further improve the currency situation in the country. Following the demonetisation on November 9 last year, the Reserve Bank had introduced Rs 2,000 notes and also issued new Rs 500 notes with additional security features.