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RBI unveils Rs. 200 note, to be issued on Friday

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New Delhi [India] | August 24, 2017 12:01:13 AM IST
The Reserve Bank of India (RBI) on Thursday unveiled the design of the new Rs. 200 currency note, which will be issued on August 25, 2017 from select RBI offices, and some banks.

The latest addition to the Mahatma Gandhi (New) Series bears the signature of RBI Governor Urjit Patel. It has the motif of Sanchi Stupa on the reverse, depicting the country''s cultural heritage. The base colour of the note is Bright Yellow. The note has other designs, geometric patterns aligning with the overall colour scheme, both at the obverse and reverse.

The obverse side of the 66 mm×146 mm note features a portrait of Mahatma Gandhi at the centre, with the denominational numeral in the Devnagari script. It also features the micro letters ''RBI'', ''????'', ''India'' and ''200''. There is also an Ashoka Pillar emblem embossed on the right corner.

The reverse side of the note contains the year of printing of the note on the left, and the Swachh Bharat logo with the slogan. Similar to the obverse side, it also contains a motif of Sanchi Stupa with the denominational numeral in Devnagari script.

The Central Bank stated that the design was chalked out keeping in consideration various factors like ease of transactions for the common man, replacement of soiled banknotes, inflation and the need for combating counterfeiting.

An official notification of the RBI revealed that to achieve the optimal system of currency that would minimise the number of denominations, while increasing the probability of proffering exact change, especially at the lower end of denominations, there was a logical need to introduce the missing denomination of Rs. 200, which will make the present currency system more efficient.

Provision of the new denomination, therefore, would facilitate exchange, particularly for the common man who deals with denominations at the lower end, the notification read. (ANI)

 
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