The Reserve Bank of India is all set to launch a new Rs 100 note. The new lavender notes, in the Mahatma Gandhi (New) series, will bear the signature of RBI Governor Urjit R Patel, and will come with a motif of Gujarat’s Rani Ki Vav, a UNESCO World Heritage Site, on the reverse.
“The note has other designs, geometric patterns aligning with the overall colour scheme, both at the obverse and reverse,” the RBI said in a press release, adding that the dimension of the banknote will be 66 mm × 142 mm.
All the banknotes in the denomination of Rs 100 issued by the Reserve Bank in the earlier series will continue to be legal tender.
The Dewas-based Bank Note Press has already started printing the new note, according to a Dainik Bhaskar report.
On 8 November 2016, the Narendra Modi government discontinued Rs 500 and Rs 1000 notes, in an attempt to check the flow of black money in the Indian economy.
According to RBI and government data accessed by The Indian Tribune, as of 8 November, 2016, about 86 percent of the total currency in circulation comprised of previously prevalent Rs 500 and Rs 1,000 notes.
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