RBI has started printing Rs. 200 notes and that should soon circulate in the market. Rs. 200 notes are being brought in the market to help ease the transaction by consumers.
Demonetization has past 7 months now and now the currency problems has been solved. People may remember the kind of lines that the people used to be in to get printed notes but all that has been a past now and things have well settled.
Now to ease the daily transactions, the RBI has started to print Rs. 200 notes. It will help consumers in daily transactions. This is for the first time that the Reserve bank of India has started printing bills of Rs.200.
The notes of Rs. 2000 is being printed at the government-owned facilities at Hoshangabad (Madhya Pradesh).
Here is what Soumya Kanti Ghosh said who is the chief economist at the SBI Group.
The new 200 rupees notes should be helpful in day to day transactions after government removes 1000 rupees notes from the market under the demonetization process.
“For day-to-day transaction purposes, the introduction of 200 rupee notes will add to the ease of operations. A minor part of that has been replenished by 2000 rupee notes and a larger part by the new 500 rupee notes, though not in full. The introduction of 200 rupee notes will replenish the missing middle, triggered by the withdrawal of the old series of 500 rupee notes,” counterfeiting.”
When the demonetization process had started 7 months back, the government has withdrawn notes of Rs. 500 and Rs 1,000.