New Rs 200 notes to be released by RBI: When & how

reaserve bank of india

After Demonetization the Indian currency has been affected and the old Rs 500 and Rs 1000 notes have been banned. Government has successfully released new Rs 500 Rs2000 currency notes in the country. But now for the first time ever a new denomination currency note is about to release by RBI. RBI is already in plans for printing new Rs200 notes but it needs permission from the central government.

According to few sources, RBI is making all the preparations like security and printing of new Rs 200 currency notes. Just like Rs 10, Rs 20, Rs 50, Rs 100 even a new Rs 200 note is going to come in a short while. However government is also planning to bring new Rs 1000 denomination currency notes but this will be completely different.

Back in November 8, 2016, Indian Prime Minister Narendra Modi has shocked everyone by announcing the ban on old currency notes. At first RBI released new Rs 2000 notes and then new Rs 500 notes. But many experts say that RBI has released Rs 2000 currency notes to manage the massacre of notes shortage and later when situation comes under control, RBI would withdraw Rs 2000 notes.

rbi currency

There were reports saying that RBI might release even new Rs 1000 notes and this made the speculations on withdraw of Rs2000 notes. So Government is planning to build up better currency with proper management. Many experts are suggesting that it is better to ban Rs 2000 currency notes due to lack of proper change and there is also chance of increasing black money.

200 inr new note

Also Check : 10 ways in which Black money holders can turn their black money into white..!

With new Rs 2000 note, the black money holders can save money easily and more amount in less space with Rs 2000 notes. However the buzz over new Rs 200 notes is going viral in social media and people are eagerly waiting to witness the first ever Rs200 denomination notes. There is no official confirmation on the release date of new Rs200 notes. Stay tuned to mashables.in for more details on Rs 200 notes.

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