Mumbai: Banking regulator the Reserve Bank of India has
given its nod to printing of new Rs 200 notes, according to a report in DNA.
The central bank expects printing of new notes would start after the month of
June later this year
An RBI report while citing two sources close to the development
said that the Central Board of RBI has already approved the proposal. The
proposal was okayed in March and printing of new Rs 200 denomination notes is
likely to start after June when the Modi government gives its assent.
The RBI Central Board consists of 14 members,
including governor Urjit Patel, Economic Affairs Secretary Shaktikanta Das,
Financial Services Secretary Anjuly Chib Duggal, and four deputy governors of
the central bank.
RBI started to introduce new high value notes in the banking
system after over 86 per cent of total currency in circulation were scrapped
through demonetisation, a massive anti-black money and anti-counterfeiting
measure.
Source : Deccan chronicle
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