RBI is likely to introduce Rs200 currency notes

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The central bank of India is likely to introduce Rs 200 currency notes in the country if the government approves the proposal.

Live mint reported the RBI board had taken this decision in March and now they are waiting for center’s clearance over the proposed new currency note.

With this India will get second new denomination of currency in its financial system post demonetisation.

Undoubtedly, the bold step of demonetisation by center proved to be successful in every aspect though initially country faced major cash crunch but somehow now the situation is normalizing.

However, to curb black money RBI introduced new Rs 2000 currency note but for tendering change of such higher value currency note created troublesome for the people.

With the introduction of this lower value currency, note will help people in changing higher value note of Rs 2000.

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