The Reserve Bank of India (RBI) will introduce banknotes of Rs 200 denomination, according to reports.
As per reports, the central bank has already taken a decision in this regard in a meeting last month.
“The process of printing the new Rs 200 notes is likely to begin after June, once the government officially approves this new denomination,” reported certain media reports.
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Notably, last month RBI also started field trials of plastic notes of Rs 10 as plastic notes are expected to last longer than cotton substrate based banknotes.
If introduced, Rs 200 will be the second new denomination to be introduced after the Rs 2,000 notes.