New Denomination of Notes: Important Points
Reserve Bank of India has recently launched new denomination notes of Rs. 50 and Rs. 200 in the New Mahatma Gandhi series. Before launching the two new currency notes, RBI had already launched denomination notes of Rs. 2000 and Rs. 500 and replaced the Rs. 500 and Rs. 1000 old currency notes. The new note consists of the signature of the Governor of RBI Urjit Patel. According to the Bank officials, the recently launched Rs. 200 notes must act as the “missing link” between high and low denomination currencies.
Objectives for Launching the New Currencies:
- It would provide help to the people of India by supplying medium denomination currencies.
- It would ease the transaction for the common people.
- Replacement of the soiled banknotes must be done after the launch of the new notes.
- The supply of currencies must be adequate at the time of inflation.
- It is essential to combat the counterfeiting.
Specifications of the Rs 200 Currency Notes:
- The new notes of Rs. 50 and Rs. 200 were launched on the recommendation by Central Board of Directors of Reserve Bank of India.
- There is the motif of “Sanchi Stupa” on the reverse side of the Rs. 200 currency notes that indicates the unique cultural heritage of India.
- Various designs, different geometric patterns matching with the colour schemes must be found in both of the forward and reverse side.
- The height of Rs. 200 currency notes is same as the Rs. 500 currency notes those were launched after the demonetization. The width of these notes must be very less. The dimension is 66mm * 146 mm.
- The base colour of these Rs. 200 notes is yellow.
- The Governor’s signature with the Promise Clause, RBI emblem towards the right of the portrait of Mahatma Gandhi and Guarantee Clause are there in the front side of the notes.
- There must be a windowed security thread with the inscriptions Bharat written in Hindi and RBI. The green colour of the security thread changes to blue if these notes are tilted.
- There must also be the Ashoka Pillar emblem, portrait of Mahatma Gandhi and 200 electrotype watermarks.
- The language panel, year of printing, Swachh Bharat logo with the Slogan 15 must be found on the reverse side of the currency notes.
- There must be the raised printing of portrait of Mahatma Gandhi, emblem of Ashoka Pillar, raised identification mark H with the micro-text 200, 4 angular bleed lines with 2 circles between the lines on both of the right and left side for the visually impaired persons.
Specifications of the Rs 50 Currency Notes:
- The Rs. 50 banknotes has the motif of “Hampi the Chariot” on the reverse side which also depicts the Indian cultural heritage.
- It consists of Ashoka pillar Emblem on right side of the obverse and printing year on the reverse side.
- The language panel and the Swachh Bharat logo with Slogan are also there.
View of the Bank Officials on the Denomination Issue:
- According to the Bank officials, the Rs. 200 currency note can play a major role in Indian market as it is the “missing middle” between the high and low valued currencies. It is expected by them that these currencies would be available in ATMs very soon.