The Real Reason Behind RBI Rolling Out New Rs 200 Notes - Nirmal Singh Lotus Green


After demonetization in India, two new denomination notes were brought out by the government and RBI. On Thursday, RBI announced that there will be another denomination in the market by Friday. ‘The new Rs 200 notes will be circulated in the market on Friday. This step has been taken to bring in a new denomination with new design keeping in mind the difficulty that people in India were facing during transactions. These notes will not only help with inflation but will also combat counterfeiting.’ said Nirmal Singh Lotus Green

SBI spokesperson said that this will be the missing middle, especially after the havoc that demonetization caused in the country. He mentioned that these notes will facilitate transactions and will make it easier to get the change of Rs 2000. There was no note or denomination between Rs 500 and Rs 2000, but with Rs 200 note in the picture, people will easily get the change. He also mentioned that as the hoarding of smaller notes in difficult, hoarding will also be checked, if not completely eradicated.

Last November, Modi government outlawed both Rs 500 and Rs 1000 notes to crackdown the black money and accumulation of cash at homes. The step took everyone by surprise. This time RBI has announced a day before that a new denomination will be coming in the market as early as Friday. - Nirmal Singh Lotus Green

In a report recently released by SBI, before demonization, more than 87% of the cash that was circulating in the market was in high denomination. After the ‘masterstroke’ of the Prime Minister, that number has come down to 70% but people are still hoarding cash and found out ways to make their so called ‘black money’ white, without paying any taxes.


This will surely help the common people who used struggle with getting change of Rs 2000. But will it impact the counterfeiting of notes, only time will tell. Till then let us see how things work out. - Nirmal Singh Lotus Green

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