Since the demonetization, new notes of Rs 2,000 were earmarked for the market, after which the new notes of 500, 200 and 50 rupees were dropped in the market. After all, these come in a new form, the turn is now 100 rupees note. Yes, if media reports are to be believed then according to this, the printing of new notes of Rs 100 will start in the next financial year in the coming year ie in the coming year.
The Reserve Bank of India now has the burden of printing of new notes of 200 rupees, due to which no new notes of Rs 100 are being printed for the moment. Media reports have informed that the Reserve Bank can begin printing of new notes of Rs 100 from April of the year 2018, as long as printing of new notes of Rs.200 will be completed.
Now you must have stuck in your mind that if the new note market of Rs 100 comes out of the market, the old notes will be out of circulation? So we tell you that nothing like this will happen. Along with the new notes, old notes will also be valid and legal. You can also easily use your old notes with new notes in the market. However, the new notes of Rs 100 will be similar to the rest of the new series, and its size will be equal to the old note.
The only purpose of the government to bring the new note into the market is to check that hoarding and black money can be curb. The note-bar was also a part of this episode after which the Modi government has been successful in cracking down on black money to a large extent. Many countries around the world, from time to time, make changes in currency design so that hoarding and blackness can be eliminated. Although new notes will take a lot of time to increase circulation in the market.
Also Read:
Stock bounced on the Second Day of trading week
Things you need to know, as government cuts the excise duty on Petrol and Diesel
Sensex Closes 213 Points up at 31,497