RBI launches Rs. 200 currency note, promises to ramp up supply
"The Reserve Bank of India introduced the ₹ 200 denomination notes today. Introduction of this denomination is expected to facilitate exchange transactions for the common man and provide complete series of denomination for transactions at the lower end," the RBI said in a statement.
The currency notes are only available through select RBI offices and banks.
"These notes are available only through select RBI offices and banks as is normal when a new denomination of notes is introduced and the supply increases gradually," it said.
The bank said: "However, the production of these notes is being ramped up by the currency printing presses, and over time as more notes are printed, it will be distributed across the country through the banking channels and will be available for public in adequate quantity."
The RBI had introduced new Rs. 2000 and Rs. 500 notes after note ban last year in November.
The government had banned Rs. 1000 and old Rs. 500 notes.
Image: Wikimedia Commons
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