The government gave its go ahead to the RBI to issue 200 rupee notes that will ease pressure on lower-denomination currency bills. Finance Ministry, in a notification, said that on the recommendations of the Central Board of Directors of the RBI, government has notified bank notes of 200 rupees.
The new 200 rupee notes are likely to be in circulation shortly. This is the fourth new note to be announced since November when 1000 and 500 rupee notes were demonetised. The introduction of the new notes is expected to ease the problems faced by people due to high-value 2,000 rupee notes.
Replying to a media query, Finance Minister Arun Jaitley said, there is no discussion within government on phasing out 2,000 rupees notes