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Indian currency predating the rupee

However, take it with a pinch of salt as it might turn out to be just another photoshop job.

As ET had reported sometime back, RBI has already placed an order to print the new denomination currency.

Moreover, the party is expected to last for a while.

Often, central banks step in to support their country’s currency and reduce volatility in the market.

During demonetisation, it had ordered the withdrawal of the then existing Rs 500 and Rs 1,000 currency notes, which accounted for about 86% of currency in circulation of Rs 17.9 lakh crore.

As on June 9 this year, the currency circulation with the public is at Rs 14.6 lakh crore, still 18.4% lower than the pre-demonetisation level.

"The new 200 notes will carry advanced security features.

Before the November 8 de-monetisation, there were roughly 1,650 crore pieces of Rs 500 notes in circulation, according to data from the State Bank of India BSE -0.53 % research.The notes of Rs 200 denomination are being printed in one of the government-owned facilities The introduction of the Rs-200 currency notes predates the federal government’s decision to overnight withdraw bills of higher denomination in November as part of a broader exercise to stop counterfeiting and curbing untaxed cash in Asia’s third-biggest economy.The RBI board had earlier cleared the proposal to issue banknotes of Rs 200 denomination.With the removal of this series from the system, there was a large gap in the value of notes in circulation.Lower denomination notes aids the government’s efforts at realigning the currency mix in the system.

It reduced the repo rate—the rate at which it lends to commercial banks—by 0.25%.

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Indian currency predating the rupee introduction

Indian currency predating the rupee

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