RBI Announces The Arrival of Rs 200 Notes:- Indian Prime Minister Narendra Modi has some massive plans that can make huge changes for the Indian economy in the coming years. He shocked everyone with the demonetization of the currency after which all the Rs 1000 and Rs 500 notes have been banned. Modi took a sensational move by introducing Rs 2000 notes and during the initial days, common man had to struggle for currency, as there has been huge crisis. It took some time for the things to turn normal and the Reserve Bank of India kept a close track on the financial transactions.
The Indian government has been highly successful in bringing the illegal trade of currency notes down. Even the fake currency has come down and the Reserve Bank of India has been in hunt for new methods to prevent all the ways to bring the crime rate down. Couple of days ago, the Reserve Bank of India announced that Rs 50 notes will be soon introduced into the market however the old notes will be valid. Now the Finance Ministry made an official announcement of introducing Rs 200 notes which have been in discussion from some time.
"As per the sub-section (1) of section 24 of the Reserve Bank of India Act, 1934 and on the recommendations of the Central Board of Directors of the Reserve Bank of India, Rs 200 notes will be introduced into the Indian market from te last week of August or from the first week of September", read the official statement. The pictures of the new Rs 200 notes have been viral all over internet after the announcement came out. The notes are said to have the latest security features. The authorities are taking extra precaution to prevent counterfeiting and the printing has been going on as per the schedule.