RBI boosts Rs 200 notes production to met circulation demands

The Reserve Bank of India (RBI) that recently introduced Rs 200 banknotes, has pumped up its production to maintain its circulation across the country.

“The production of these notes is being ramped up by the currency printing presses and over time as more notes are printed, it will be distributed across the country through the banking channels and will be available for the public in adequate quantity,” said the RBI, in its official communique.

As of now, these banknotes are only available at selected RBI offices and banks. Reportedly, the new currency notes were introduced to curb the illegal rampant of black marketing.

The newly launched Rs 200 banknote in the Mahatma Gandhi series and it bears the signature of RBI Governor Urjit R. Patel. It carries the motif of Sanchi Stupa on the reverse and its base colour is bright yellow.

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