RBI gives nod to printing of Rs 200 denomination notes: report
Mumbai: Banking regulator the Reserve Bank of India has given its nod to printing of new Rs 200 notes, according to a report in DNA. The central bank expects printing of new notes would start after the month of June later this year.
An RBI report while citing two sources close to the development said that the Central Board of RBI has already approved the proposal. The proposal was okayed in March and printing of new Rs 200 denomination notes is likely to start after June when the Modi government gives its assent.
RBI started to introduce new high value notes in the banking system after over 86 per cent of total currency in circulation were scrapped through demonetisation, a massive anti-black money and anti-counterfeiting measure.
Source by deccanchronicle…