Indian central bank introduces 200 rupee banknote denomination

rupee-india-money

The Reserve Bank of India (RBI) introduced a new 200 rupee ($3.12) banknote on August 25 with the aim to facilitate transactions of low denominations and help retailers to provide change, the central bank says.

This new banknote should work as a link between higher and lower denominations, the RBI statement says. “In India, we have currency denominations of 1, 2, 5, 10, 20, 50, 100, 500 and 2,000. As such, in the lower end of the denomination series, 200 is the missing one,” Jose J Kattoor, RBI

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: