Rs 200 note: Reserve Bank of India will soon introduce a new Rs 200 note and the printing order for the same has been placed.
Rs 200 note: Reserve Bank of India will soon introduce a new Rs 200 note and the printing order for the same has been placed, sources told news agency ANI on Tuesday. Earlier, several news organisations had reported that Reserve Bank of India (RBI) has reportedly cleared a proposal to introduce new lower enomination currency notes of Rs 200 in the economy. However, the government is likely to restrict its circulation only through banks. A few days ago, an image of new denomination currency notes of Rs 200 had gone viral on social media. The image, purported to be an actual one, was circulated widely. However, chances are high that this is a fake image created by someone.
“Printing order has been placed,” a top Government official, who was reportedly part of this decision, was quoted as saying by ANI. The report further says that decision to introduce Rs. 200 notes was taken by the RBI with the consultation of Finance Ministry in March. It further says that a notification may be issued by the Reserve Bank of India on the same. This exercise of printing Rs 200 denomination notes is being undertaken to further improve the currency situation in the country. After the announcement of demonetisation in November last year, the RBI had introduced new notes of Rs. 500 and 2,000.
Earlier, in another demonetisation related news, Supreme Court asked Centre to mull over an option on providing a window to those who could not deposit demonetised notes due to valid reasons, Press Trust of India reported. A Supreme Court bench asked Solicitor General Ranjit Kumar, representing the Centre, to take instructions on the issue. “There can be a situation where a person has lost his/her money for no fault. Suppose a person was in jail during the period… We want to know as to why you chose to bar such persons,” the bench was quoted as saying by PTI.