RBI to issue 200 notes: FinMin

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....BI to issue 200 notes: FinMin <br>News and Press Release<br>Dated:- 23-8-2017<br><BR>New Delhi, Aug 23 (PTI) The government today gave its go-ahead to the Reserve Bank to issue &#8377; 200 notes that will ease pressure on lower-denomination currency bills. The finance ministry, in a notification, said that on the recommendations of the Central Board of Directors of the RBI, &quot;the central gove....

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....rnment hereby specifies the denomination of banknotes of the value of two hundred rupees&quot;. The new &#8377; 200 notes are likely to be in circulation shortly. According to sources, the exercise of printing &#8377; 200 denomination notes is being undertaken to further improve the currency situation in the country. Following the demonetisation on November 9 last year, the Reserve Bank had int....

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....roduced &#8377; 2,000 notes and also issued new &#8377; 500 notes with additional security features. So with the introduction of &#8377; 200 notes, the problem people face due to high-value &#8377; 2,000 notes would be taken care of. The Reserve Bank has also introduced new fluorescent blue &#8377; 50 banknotes bearing the motif of &#39;Hampi with Chariot&#39; that depicts India&#39;s cultural h....

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....eritage. In a surprise announcement, Prime Minister Narendra Modi had in November last year announced scrapping of old notes of &#8377; 1,000 and &#8377; 500 notes, wiping out over 86 per cent of the cash in circulation. The move was aimed at checking black money, counterfeit notes and terror financing.<BR> News - Press release - PIB....