(India) | |
---|---|
Value | ₹200 (approximately. $3) |
Width | 146 mm |
Height | 66 mm |
Years of printing | 25 August 2017– present |
Obverse | |
Design | Mahatma Gandhi New Series |
Design date | 2017 |
Reverse | |
Design | Sanchi Stupa |
Design date | 2017 |
The Indian 200-rupee note (₹200) is a denomination of the Indian rupee.[1][2][3][4] After the 2016 Indian banknote demonetisation, the new currency notes were announced by the Reserve Bank of India: ₹2,000, ₹500, ₹200, ₹100, ₹50, ₹20 and ₹10.[5][6]
In order to determine currency denominations, the Reserve Bank of India follows a variation of the Renard series, called the 1-2-5 series, in which a ‘decade’ or a 1:10 ratio is covered in 3 steps, such as 1, 2, 5, 10, 20, 50, 100, 200, 500, 1,000, etc.[7] The Reserve Bank of India described the 200-rupee notes as the missing link in the Renard series.[8][9] Besides the Indian Rupee, Euro and British Pound sterlings are two of the most notable currencies that are denominated in the 1-2-5 series.[10] Renard series first proposed by French Army engineer Charles Renard. In March 2017, the decision to introduce ₹200 notes was taken by the Reserve Bank of India with the consultation of the Ministry of Finance.[11] The currency is produced by printing units of the government-run Security Printing and Minting Corporation of India or at printing presses in Mysore and Salboni, managed by the Reserve Bank of India-owned Bharatiya Reserve Bank Note Mudran Private Limited, reportedly by Times of India.[12][13] The Government of India (GOI) had examined the introduction of the ₹200 notes that would help citizens transact easily.[14][15] In June 2017, a photograph of a ₹200 banknote went viral on social media platforms like Facebook and WhatsApp.[16][17] RBI announced the specifications of the new 200-rupee note in the Mahatma Gandhi New Series, bearing the signature of Dr. Urjit R. Patel, Governor of the Reserve Bank of India on 25 August 2017.[18][19]
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