Rs 200 Notes Are Real Not Fake, RBI Places Printing Order

The exercise is being done to remonetise the economy.

Edited By: Vaibhav Tiwari

Updated: July 4, 2017, 3:16 PM IST

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https://www.india.com/news/india/rs-200-notes-are-real-not-fake-rbi-places-printing-order-2293728/ Copy

New Delhi, July 04: It is not a fake news, nor is a mere rumour– Rs 200 notes are for real and the printing order for it has been placed by none other than the Reserve Bank of India (RBI). According to a report, the Indian economy will be flush with new Rs 200 notes.

A top government official told ANI that printing order has been placed. The government official, who the agency talked to, had been the part of the decision. According to the report, the decision was taken by the apex bank in March and the Finance Ministry was also consulted before taking the decision. The Reserve Bank of India will soon issue a notification regarding the new notes. The exercise is being done to remonetise the economy and further improve the current situation in the economy.

This will be the new addition to the currency circulated in the economy. Last year, after Prime Minister Narendra Modi had announced demonetisation of Rs 500 and Rs 1,000 notes, the RBI had issued new Rs 500 and Rs 2,000 notes.