Another demonetisation on the way?
The whole nation felt a massive tremble on the night of 8th November 2016, when our Honorable Prime Minister, Mr Narendra Modi took over our televisions to make an announcement where he declared that notes of Rs 500 and 1000 would no longer be considered as legal tender throughout the country.
Well, we aren't completely sure but it is quite probable that we might witness this incidence once again, and that too very soon.
Recent reports from various news channels have told that the Reserve Bank of India has already started to print the new currency notes of Rs 200.
A report from the Economic times said that the RBI is believed to have placed an order for the new Rs 200 notes a few weeks ago which are being printed in many of the government facilities.
However, the site of the Central Government does not say anything about this action. We anticipate this new rumoured activity by the government as a step to fill the gap between the notes of Rs 100 and 500.
Apart from all this, it won't be wrong if we expect another demonetisation of currency.
Let's see how this new note looks and what are the things that are growing around this rumour.
On 8th November 2016, in order to fight the corruption and black money in the nation, PM Narendra Modi announced the demonetisation of notes of Rs 500 and 1000 after which new currency notes were introduced to the market. Although it received mixed reactions from the Indian population, it was really a brave move.
The process of demonetisation might have been a haywire for the people, but the majority of the country took it as the beginning of a new era.
But what could be the reason for the government to take the step at this time?
To ease consumer transaction process, the Reserve Bank of India (RBI) has begun printing Rs 200 note. Also, this will help government's efforts at readjusting the currency mix in the system.
The printing of currency notes is done either in printing units run by the government-run Security Printing and Minting Corporation of India Ltd or at printing presses in Mysore (Karnataka) and Salboni (West Bengal), managed by the RBI-owned Bharatiya Reserve Bank Note Mudran Private Ltd, the report by the Economic Times added.
Will it be of a different colour as shown in the next image?
Could this be the note?
Twitter has already flooded with tweets regarding this new step click next to see how.
More videos of the new note.
This is really tricky, nothing seems to be clear at this point in time!
So, if another demonetisation is in process, which currency note will be banned this time?
Well, by the information, it can be anticipated that the RBI might launch the new Rs 200 note. But let's wait for the official confirmation by the bank or by the PM himself.
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