Introduce New ₹200 Note

Friends,

A lot has already been said and done about the demonetization of ₹500 and ₹1,000 notes by the government towards end of 2016. The idea itself has its merit. There are two key reasons why high denomination notes need to be discouraged:

  1. Make it difficult to carry/work with large amounts of cash for smugglers and black money users.₹1 Crore in₹2,000 notes is 50 bundles but in ₹100 notes is 1000 bundles
  2. Less attractive to fake as the forgers are not going to make much of a return on smaller denominations

notes

We suggest government introduce a new ₹200 note and focus on printing mainly ₹100,₹200 and ₹500 notes and not print many notes of higher denominations.

 

Cheers!

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