The much talked about and subject to various WhatsApp leaks, the Rs 200 note is going to be out soon.
The Reserve bank has reportedly began printing bills of 200 rupees.
The notes of Rs 200 denomination are being printed in one of the government-owned facilities after the RBI placed an order a few weeks ago for the bills.
“The new 200 notes will carry advanced security features. The authorities are taking extra precaution to prevent counterfeiting,” ET quoting a source reported.
It is not known from where this image has come from nor do we vouch for its authenticity. The note, as seen in the image, has a bluish tinge and seems to have similar form factor as the Rs 2000 note. However, take it with a pinch of salt as it might turn out to be just another photoshop job.
As ET had reported sometime back, RBI has already placed an order to print the new denomination currency. The notes of Rs 200 denomination are being printed in one of the government-owned facilities
The introduction of the Rs-200 currency notes predates the federal government’s decision to overnight withdraw bills of higher denomination in November as part of a broader exercise to stop counterfeiting and curbing untaxed cash in Asia’s third-biggest economy. The RBI board had earlier cleared the proposal to issue banknotes of Rs 200 denomination. The government, too, had examined the introduction of the new notes that would help citizens transact easily.
Before the November 8 de-monetisation, there were roughly 1,650 crore pieces of Rs 500 notes in circulation, according to data from the State Bank of IndiaBSE -0.53 % research. With the removal of this series from the system, there was a large gap in the value of notes in circulation.
During demonetisation, it had ordered the withdrawal of the then existing Rs 500 and Rs 1,000 currency notes, which accounted for about 86% of currency in circulation of Rs 17.9 lakh crore.
As on June 9 this year, the currency circulation with the public is at Rs 14.6 lakh crore, still 18.4% lower than the pre-demonetisation level.