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RBI announces Rs200 notes will be available from start of September

By the start of September, The Reserve Bank of India is probably going to issue Rs 200 division cash notes.The Central government has indicated the presentation of monetary cash notes of denomination Rs 200, detailed ANI.

“There is no other section accessible between Rs 100 and Rs 500 and RBI is anticipating that Rs 200 notes should turn out to be exceptionally well known and that is the reason it is making each move to guarantee accessibility of it,” announced Economic Times citing sources.

Presentation of Rs 200 note will fill in the ‘missing center’ even as the new money available for use has just come to 84 % of the pre demonetisation level, the State Bank of India Ecowrap report had said. The new notes of Rs 200 will extraordinarily help in narrowing the request and supply hole in littler division money bills.

The RBI had quit printing Rs 2000 notes around five months prior and is probably not going to print more in the current monetary year, In July. The authority had on November 8 a year ago pulled back the lawful delicate status of 500 and 1000 rupee notes to flush out blackmoney and duplicate rupee notes.

The RBI has declined to give the quantity of demonetised 500 and 1000 rupee notes returned in the keeping money framework, saying the ‘figures would should be accommodated with the physical money adjusts to wipe out bookkeeping blunders/conceivable twofold tallies and so on’.

Be that as it may, as indicated by an answer given in Rajya Sabha on December 2 by the Minister of State for Finance Arjun Ram Meghwal, there were 17,165 million bits of 500 notes and 6,858 million bits of 1000 notes available for use. That adds up to an aggregate of Rs 15.44 lakh crore in esteem. This added up to 86 for each penny of the aggregate monetary notes available for use i.e Rs 17.97 lakh crore.