The Reserve Bank of India (RBI) has started with the printing of Rs. 200 currency notes in a bid to speed up the pace of remonetisation.

The RBI has also added several advanced security features to the new Rs. 200 note to prevent counterfeiting.

The proposal for the new denomination was first given by RBI to which the government gave a green signal later.

Fact: How the Rs. 200 note will help masses?

The emergence of the new currency denomination will help in the day-to-day consumer transactions. With a smaller denomination in hand, it will ease the problem of dealing with everyday business of the common masses.

Conclusion: How does the Government look at this?

The government feels that with introduction of new Rs. 200 note, it will help bridge the gap between the already currency notes in use.

It is also of the view that lower denomination notes aids government's efforts at realigning currency mix in the system.

The government also thinks it will prevent counterfeiting, hence the new denomination is going through different levels of security checks.

Fact: Demonetization: The before and after figures in circulation

On November 8, 2016, the government had asked for withdrawal of old Rs. 500, Rs. 1000 notes which accounted for currency in circulation of Rs. 17.9 lakh crore. With nearly six months after demonetization, currency circulation with public is still at Rs. 14.6 lakh crore.

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