RBI launches ~200 note; promises to ramp up supply
The Reserve Bank of India on Friday launched bright yellow ~200 notes and said it would shortly ramp up the supply of the new currency. Long queues were seen at the RBI offices to get the new ~200 currency note, that has been introduced for the first time by the central bank. These notes are available only through “select RBI offices and banks as is normal, when new denomination notes are introduced and the supply increases gradually,” the RBI said in a release. The production of these notes is being “ramped up by the currency printing presses, and over time as more notes are printed, it will be distributed across the country through the banking channels and will be available for public in adequate quantity,” the release said.