The immediate step of the Government toward Demonetization overnight caused a huge negative impact on the people.And it is now only people have returned to normalcy.But still there is an impact,exchanging 2000 rupees note just for a chocolate is still now impossible which almost make that note 2000 rupees note useless for daily needs.Now people across India have confronted with a plethora of difficulties in making change of lesser denominations for Rs. 2000.
To find a solution to this big problem, the Reserve Bank of India (RBI) has took a step towards it to introduce notes of Rs. 200 denomination.The board of RBI, includes RBI governor Urijit Patel and four deputy governors, has come to this decision at a meeting in the last month, March.
And the process of printing of the bank notes Rs. 200 is likely to start by the RBI after June, only after the government getting the Goivernment approval for this lower denomination. RBI published that the currency in circulation was more than thirteen lakh crore rupees, as on 24 March. But still the central bank has not disclosed the information of the demonetized notes it has got back from the people
