RBI mum on new Rs 200 notes likely to be released after Centre's notification

The RBI is likely to implement the plan only after the Centre's notification, according to sources.

After successfully launching Rs 2000 and Rs 1000 notes in the market, the Reserve Bank of India (RBI) is reportedly planning another new currency denomination note. If sources are to be believed, the Reserve Bank of India is planning to print new Rs 200 banknotes.

"Rs 200 currency note is in the pipeline. But, unless it is notified by the central government, making a dye (block), working on security features and printing process of Rs 200 would not take place. So this time, RBI would implement its plan only after the Centre's notification," a source told IndiaToday.in.

"Like Rs 10, Rs 20, Rs 50 and Rs 100, the RBI is planning to bring, Rs 100, Rs 200, Rs 500 and Rs 1000 in future," added the source.

However, when the RBI Publicity department was contacted, it said, "As of now, it is a speculative information. Thus, it would be difficult for us to make any statement on it."

News that the government will bring back currency note of Rs 1,000 denomination in a new avatar soon has also been doing the rounds.

THE DEMONETISATION

On November 8, 2016, Prime Minister Narendra Modi surprised the nation by announcing a demonetisation drive with a promise to curb black money and fake notes by declaring the old Rs 500 and Rs 1,000 notes as invalid with immediate effect.

A new design of Rs 500 notes were introduced while Rs 2,000 currency notes were introduced for the first time.

Although it is yet to be confirmed officially, there has been talks of withdrawing the Rs 2,000 notes.

RSS ideologue S Gurumurthy had told India Today that the new 2,000-rupee notes would be phased out gradually in the years to come.

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