Indian 200-rupee note

Two Hundred rupees
(India)
Value₹200 (approximately. $3)
Width146 mm
Height66 mm
Years of printing25 August 2017– present
Obverse
DesignMahatma Gandhi New Series
Design date2017
Reverse
DesignSanchi Stupa
Design date2017

The Indian 200-rupee note (₹200) is a denomination of the Indian rupee.[1][2][3][4] After the 2016 Indian banknote demonetisation, the new currency notes were announced by the Reserve Bank of India: ₹2,000, ₹500, ₹200, ₹100, ₹50, ₹20 and ₹10.[5][6]

In order to determine currency denominations, the Reserve Bank of India follows a variation of the Renard series, called the 1-2-5 series, in which a ‘decade’ or a 1:10 ratio is covered in 3 steps, such as 1, 2, 5, 10, 20, 50, 100, 200, 500, 1,000, etc.[7] The Reserve Bank of India described the 200-rupee notes as the missing link in the Renard series.[8][9] Besides the Indian Rupee, Euro and British Pound sterlings are two of the most notable currencies that are denominated in the 1-2-5 series.[10] Renard series first proposed by French Army engineer Charles Renard. In March 2017, the decision to introduce ₹200 notes was taken by the Reserve Bank of India with the consultation of the Ministry of Finance.[11] The currency is produced by printing units of the government-run Security Printing and Minting Corporation of India or at printing presses in Mysore and Salboni, managed by the Reserve Bank of India-owned Bharatiya Reserve Bank Note Mudran Private Limited, reportedly by Times of India.[12][13] The Government of India (GOI) had examined the introduction of the ₹200 notes that would help citizens transact easily.[14][15] In June 2017, a photograph of a ₹200 banknote went viral on social media platforms like Facebook and WhatsApp.[16][17] RBI announced the specifications of the new 200-rupee note in the Mahatma Gandhi New Series, bearing the signature of Dr. Urjit R. Patel, Governor of the Reserve Bank of India on 25 August 2017.[18][19]

  1. ^ "200 Notes Are Here But Don't Go To ATMs For Them". Ndtv.com.
  2. ^ Unnikrishnan, Dinesh (26 July 2017). "Rs 200 notes: To kill illegal cash deals, make it the top denomination; scrap 500 and 2,000 bills". Firstpost.
  3. ^ Gopakumar, Gopika (26 July 2017). "RBI stops printing Rs 2000 notes, focus now on new Rs 200 notes". Livemint.
  4. ^ "RBI dreads recalibration: Rs 200 notes may only be available at banks, not ATMs". Business Today. 7 April 2017.
  5. ^ "Why the RBI is giving you the new Rs 200 note". The Times of India.
  6. ^ "Re-1 note back in business". The Times of India.
  7. ^ "RBI all set to release Rs 200 currency note today". The Times of India.
  8. ^ "₹200 banknotes in circulation from today". www.thehindubusinessline.com. 24 August 2017. Retrieved 15 April 2022.
  9. ^ "RBI all set to release Rs 200 currency note today".
  10. ^ "Behind the new Rs 200 note lies a story of how currency denominations are determined". Moneycontrol.com.
  11. ^ Jain, Paridhi (4 July 2017). "New Rs 200 notes to be released soon by Reserve Bank of India". India Today.
  12. ^ Das, Saikat; Ray, Atmadip (29 June 2017). "Printing of Rs 200 currency notes begins". Times of India.
  13. ^ "RBI has started process of printing Rs 200 notes to make daily transactions easier: report". Business Today. 29 June 2017.
  14. ^ "RBI to issue first-ever 200-rupee note". Telegraphindia.com. Retrieved 22 December 2018.
  15. ^ "Rs 50, Rs 200, Rs 500 and Rs 2000 notes images: Here are the new currency notes released by RBI". Financialexpress.com. 23 August 2017. Retrieved 22 December 2018.
  16. ^ "Image of Rs 200 currency note goes viral on social media; debate rages over fake or real status". Financial Express. 6 April 2017.
  17. ^ "Is this new Rs 200 note going viral on social media real, or fake?". Deccan Chronicle. 6 April 2017.
  18. ^ "RBI to issue Rs 200 note tomorrow. Here is how it looks". The Economic Times. 24 August 2017. Retrieved 22 December 2018.
  19. ^ "RBI Introduces ₹ 200 denomination banknote". Reserve Bank of India. Retrieved 25 August 2017.