With the printing of 200 currency started as earlier government’s decision to overnight withdraw bills of the higher denomination (1000 and 500 currency ) in November. there could be the possibility that government can announce withdrawing of 100 rupees currency from the system and people can smell the demonetization phase 2 coming. it’s only the matter of time when all the pictures will be clear about demonization.But one thing which is very clear that struggle for finding 2000 notes would be solved. News about 200 currency notes being printed came from Economic Times. Earlier, the Hindustan Times reported that the RBI is unlikely to circulate Rs 200 notes through ATMs so as to avoid the tedious process of recalibrating the machines. The central bank wants to circulate the new notes through bank branches.
Advanced security features
Unlike earlier reports of some discrepancies in the new Rs 500 denominations, the new Rs 200 notes are likely to have advanced security features.
“The new 200 notes will carry advanced security features. The authorities are taking extra precaution to prevent counterfeiting,” the Economic Times report said quoting a source.
See how Twitter react at this news
New 200 rupee notes soon.
also bring 27 ruppee, 72 rupee, 128 rupee notes. get rid of 'round figure syndrome' and improve mental maths 🙂
— ஈரோடு நாகராஜன் (@erode14) June 29, 2017
With the Printing of Rs 200 notes, I'm assuming Rs 2000 denomination notes will be phased out in smooth manner. Such big notes are hurdle.
— Dhawal Shah (@DhawalShah10) June 29, 2017
This government thinks people of the country have no other work that queuing up to exchange now Rs 100 currency notes with Rs 200 notes!!!
— Arvind Sharma (@Artamanov) June 29, 2017