RBI gives green signal to introduce Rs 200 notes
To small scale traders these new high denomination notes coupled with lower availability of Rs 500 notes crippled their businesses. Availability of Rs 200 notes could ease their business
New Delhi: The Reserve Bank of India has cleared the proposal of introducing new 200 rupee denomination notes.
According to various sources, this decision was taken at the RBI Board meeting in March.
The printing of Rs 200 notes is likely to begin from June only after the government gives the final nod to the new value.
While most of the currency has been restored, some 25 per cent of the cash is yet to return into circulation, but the government has set its digital agenda and would be looking to keep the levels, despite the deficit. (With Agency Inputs)