Problems faced by the demonetization and government’s decision of 1000 rupees note ban , the preparation of Rs 200 new notes is ready for the market. The Reserve Bank has also started printing of 200 rupees notes.
The circular of issuing of Rs 200 new notes was being issued in July. But now there may be some delay in this. The Reserve Bank of India told a newspaper that a few weeks earlier orders have been issued to start printing of new notes. After this printing of these notes has been started in the Government Printing Press.
According to sources, Rs 200 new notes will come with new and special security features, which will not be easy to copy. There is a lot of caution in printing these notes.
Significantly, in a meeting held in March, the RBI had decided to bring 200 rupees notes to the market. According to Ghosh, after getting the note of 200 rupees in the market, it will help in reducing short notes.
Big gap after removing Rs 1,650 crore notes of Rs 500 :
The Narendra Modi government had announced the ban on November 8 last year. Under which 500 and 1000 old notes were discontinued and 500 and 2000 rs new notes introduced. The note of 1000 rupees was completely closed. According to the State Bank of India Research, on November 8, the number of notes in the country was Rs 1,650 crore at the time of the cancellation. After the removal of these notes, there was a huge difference in the number of circular notes in the market.
Relief from crisis of small currency from Rs 200 new notes :
Soumya Kanti Ghosh, who worked as a Group Chief Economist in SBI, said, “It will be easier to get work done by bringing rs 200 new notes for the purpose of daily transactions.” He said, “A portion of the notes which have been withdrawn in the note-bank have been paid by the notes of Rs 2,000. While notes of Rs 500 have largely worked to fulfill this shortage. But that was not enough. ‘ He said that after issuance of rs. 200 new notes, relief will be given to the small currency crisis. The shortage of people who are feeling the same since the closure of 500 rupees old notes.
Advanced Security Features Used in Rs 200 New Notes :
Apart from this, the proportion of small and large notes in circular can also be corrected. A source said, “The new notes of 200 rupees will have many advanced security features. Authorities are taking extra precautions in this regard so that their fake notes can not be prepared.
In a meeting in March, the RBI Board had decided to implement the rs 200 new notes. Earlier, the government was also considering issuing easy-to-use notes for citizens. According to the research data of State Bank of India, on November 8, the number of rupees in the country was Rs 1,650 crore at the time of the cancellation. After the removal of these notes, there was a huge difference in the number of circular notes in the market.