As a step to further improve the cash flow in the country, Reserve Bank of India (RBI) decided to introduce ₹200 denominations. RBI came to this decision after consulting with the Finance Ministry earlier this year in March.
At the moment, according to a news source, the RBI has placed the printing orders for the ₹200 notes.
RBI to introduce Rs. 200 notes, printing order has been placed: Sources pic.twitter.com/YKASOFu99J
— ANI (@ANI_news) July 4, 2017
In fact, this is the first time RBI is introducing ₹200 notes. Consequently, RBI will soon issue an official notification about the same.