The Government Says, 200 Currency has been Brought in to Ease Pressure on the Lower Denomination.

The Reserve Bank Of India started circulating a new currency of Rs. 200 on Friday. The new currency is said to have the security features same as the Rs. 2000 currency. It is the 3rd currency being released after the Demonetization, other two being Rs.500 and Rs. 2000. The government even made it clear that there won’t be any recall of Rs.2000 note.The new note has been circulated to ease the currency crisis going on.

 

 

Finance minister Arun Jaitley has clarified in the parliament that there is no threat or plans to call back Rs.2000 notes. So it is clear that the new note of Rs.200 is released to solve the market crisis and not to replace the Rs.2000 note.

Last year in November, due to demonetization Rs.500 and Rs.1000 notes were called back and a new note of Rs. 2000 along with Rs 500 were launched. But due to the gap between lower and higher denominations currencies, the market was getting a bit unstable. To solve this problem and ease the pressure on the lower denomination, Rs. 200 note is being circulated. First, it was being speculated that a new series of Rs.50 and Rs.100 will be circulated but the cost of manufacturing would have exceeded their value, this prompted the government to print Rs.200 notes instead.

 

 

Another new series of Rs.50 notes under will be printed. It will have the Gandhiji’s face on one side and RBI governor Urjit Patel’s signature on the other side. A picture of a chariot and a south Indian temple will be printed on the rear side as it depicts our heritage and culture.

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