RBI to introduce new Rs. 200 Notes in...
Wednesday, August 23, 2017 • Common
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The apex bank of India, Reserve Bank of India has decided to introduce new 200 rupees notes as per the previous decisions and procedures.
The RBI representative says “There is no other denomination available between Rs 100 and Rs 500 and RBI is expecting Rs 200 notes to become very popular and that's why it is taking every step to ensure availability of it,"
“A large number of new currency notes will thwart the operational difficulties which may be faced by a common man,” said Soumya Kanti Ghosh, group chief economist at State Bank of India.
The circulation of the new currency notes might take time after demonetization after-math and the perpetual bank strikes taking place every now and then.
However, RBI confirms that the new notes will be monetized form the first week of September 2017.
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