RBI is printing Rs 200 notes, probably will be out in market by next month

According to the reports,The Reserve Bank of India (RBI) has  stopped printing Rs 2000 notes about five months ago and is unlikely to print more in the current financial year. Instead they have speed up the process of printing Rs 200 notes.

rs 200 notes to be out by next month

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Livemint reported, as per it sources that,

About 3.7 billion Rs 2000 notes amounting to Rs 7.4 trillion have been printed and its more than  to compensates for the 6.3 billion Rs 1000 notes that were withdrawn after Prime Minister Narendra Modi’s demonetisation move on 8 November 2016.

RBI’s printing press in Mysuru has also started printing the new Rs 200 notes, which are likely to come into circulation next month, the report added as per  other sources.

Another source from the Investment and Currency department of the government told India Today, “We have already started printing of the first batch of 200 rupee note in June. It takes 21 days for the printing process to complete. So we are on track to meet the deadline to introduce 200 rupee note by next month.”

last year November 8, currency of 1000 and 500 were withdrawn from the market after Prime Minister Narendra Modi’s demonetisation move.

 

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