People want Rs 200 note to ease crisis

  • Rs 50 & Rs 20 notes in new series

Hyderabad: In the wake of unabated problems of demonetization being faced by people to get change and withdraw money at banks and ATMs, RBI is planning to come out with new series of Rs 20 and Rs 50 notes into the market.

The existing old notes of Rs 20 and Rs 50 denomination will remain and be used as usual, RBI officials said. Despite pumping in liquid cash of Rs 100 and Rs 2,000 across the nation, the people are running helter-skelter to draw their money in vain as the banks and ATMs could not meet the demand. Keeping this persisting problem in view, coupled with the rhetoric of the opposition and political parties, the Centre has decided to release the two new notes.

However, there is also a strong demand from public, employees, youth and students that the Centre instead could bring in Rs 200 note to address the problem besides releasing adequate quantities of Rs 100, Rs 50, Rs 20 and Rs 10 notes into the open market at the earliest. As it was becoming a problem to get the change for Rs 2,000 denomination in the open market, it is prudent to print Rs 200 note, experts believe.

According to information, the Centre has instructed the RBI to print and distribute the new series of Rs 20 and Rs 50 notes in adequate numbers for small change to ease the panic situation among people. The RBI has informed that it has taken adequate security measures and standards for the new notes to be released. –NSS

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