Rs 200 notes to speed up remonitisation

National |  Suryaa Desk  | Published :

RBI started introducing new high value notes in the banking system after nearly 86% of total currency in circulation was scrapped through demonetisation on november 8,2016, an anti black money concept taken  by prime minister Narendra modi.
Sources told ANI that the decision to introduce Rs 200 notes was taken by the central bank after consultation with the Finance Ministry.
As a state bank of india reaserch there  were almost 1,650 crores of Rs 500.
 This move highlights the government’s efforts at pumping in lower denomination notes in the system, especially since low denomination notes dominate everyday transactions in India.
However, RBI has indicated in the past that it will not be printing new Rs 1000 currency notes that were also banned as part of the notes recall decision that sucked out over Rs 15 lakh crore worth of currency notes in circulation.currency notes that were also banned as part of the notes recall decision that sucked out over Rs 15 lakh crore worth of currency notes in circulation.








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