The government gave its go-ahead to the Reserve Bank of India to issue Rs 200 notes that will ease pressure on lower-denomination currency bills.
The new Rs 200 notes are likely to be in circulation shortly. The exercise of printing Rs 200 denomination notes is being undertaken to further improve the currency situation in the country.
Important Takeaways from Above News-
- RBI Headquarters in Mumbai.
- The 24th Governor of RBI is Dr. Urjit Patel.
- In November 2016, the RBI had introduced new banknotes of Rs 500 and Rs 2,000 denominations with base colours of stone grey and magenta, respectively.
Source- The Hindu