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RBI to Introduce Rs. 200 Notes on 25th Aug, 2017

New denomination in Indian Currency notes

The Reserve Bank of India has previously stated that they would be introducing new Rs.200 notes for the first time in history by the end of August or beginning of September, 2017. According to a press release by RBI, they are all set to roll out the new currency notes on 25th August, 2017.

RBI is taking all necessary steps to stop black marketing by circulating around 50 crore new notes of Rs.200 so that there is no scarcity in the market, thereby preventing the possibility of black marketing.

According to economy experts, Rs.200 notes shall gain popularity as there is no denomination available between Rs.100 and Rs.500 so far.

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