Rs 200 notes from September

New Delhi, August 23: The Reserve Bank of India (RBI) is preparing to introduce Rs 200 for the first time in history. This new 200 note will come out at the end of this month or in the first week of September. RBI will bring about 50 crore 200 notes to the market

It will help the banking regulator and the government launch a renewed fight against black money and counterfeit currency.

Demonetisation, which illegalized the popular Rs 500 and Rs 1000 notes overnight, is largely believed to be the first major step taken to immobilize the black market in Asia's third biggest economy.

The RBI believes the Rs 200 notes will become a 'very popular' denomination.

SBI chief economist Kanthi Ghosh believes that the common man's difficulties will come to free after releasing the new 200 rupees note