RBI to introduce Rupee 200 new notes to make life easier?
New Delhi: The government has started printing of 200 rupees notes. According to an English newspaper, the Reserve Bank has already started printing new notes in some units to make everyday transactions easier. There has been complaints regarding handling and usage of Rs 2000 notes in day to day life.
According to the newspaper, two people related to the case confirmed this and told that they have ordered to print the note. A per Economic times, BI group's chief economist Soumya Kanti Ghosh as saying, "For day-to-day transaction purposes, the introduction of 200 rupee notes will add to the ease of operations.". It has been reported that this note will contain advance security features which can be avoided. It is being investigated in Hoshangabad Press Unit of Madhya Pradesh for not being able to prepare for counterfeit notes. The first note might be issued in July month.
However, the Reserve Bank has not officially confirmed this. Let me tell you that there was talk of issuing 200 rupees notes in the Reserve Bank meeting to issue the new notes earlier in the month of March, however it did not happen.
This is just 10 months after when India first started the demonetization of the existing Rs 500 and Rs 100 notes. This demonetisation amounted to 86 percent of the total money in circulation.
Is The new Rs 1000 note also coming?
This news of the introduction of Rs 1000 notes has been in talks from some time. However nothing has yet officially come out till date. However speculations are high that a new Rs 1000 note, with new design, new dimension color and security may come soon as well.