New Delhi: The Finance Ministry of India Arun Jaitley confirmed today that “The central bank will soon issue 200-Rupee note ” The move will help fill the huge demand for cash after the notes ban, which clean out over 85% of the cash in circulation, he made an great proposal with (RBI) to bring 200 denominated bank notes for the first time in history, and its design has been approved by the prime minister’s office ,actually central bank decided to bring Rs 200 notes in march itself but due to some multiple checks for security and quality has been delayed ,notes are printed at Mysore, There is nothing official on its design though images are already in spread on social media
Prime Minister Narendra Modi declare an overnight ban on Rs. 1,000 and Rs. 500 notes, the move aimed at bitter tax evaders had people scrambling to return their banned cash and draw new notes from banks and ATMs,This is the 4th new note to be announced since November, Days later, new Rs. 2,000 and Rs. 500 notes were introduced to ease the cash crisis faced by millions across the country, the government also decided to bring back the one rupee note that was discontinued in 1994,Experts say Rs. 200 notes will significantly relieve transactions.
