The government had demonetised the old Rs 500 and Rs 1,000 notes in November last year, replacing around 86 per cent of the total value of currency in circulation.
Reserve Bank of India (RBI) to soon launch the notes to improve the circulation of lower-denomination currency notes. The new Rs 200 notes could be in circulation as early as September, said an official source.
Finance minister Arun Jaitley, however, made it clear that the government was not considering banning Rs 2,000 notes. Recently the central bank introduced a new series of Rs 50 currency notes. These new fluorescent blue notes in the Mahatma Gandhi series looked slightly smaller and slimmer than the existing Rs 50 notes.
