The wait for Rs. 200 currency notes could get a bit longer.
Contrary to the rumours that the notes could hit the market by the end of this month, sources confirmed that it may actually come only during Deepavali.
The Finance Ministry had given a nod for their printing only in late June or early July. The printing could take over a month, as per sources familiar with the development. They said after the notes are printed, it would take another month or so for the circulation to set in.
Reports had earlier said that the Rs. 200 notes could hit the market by August. As per sources, the currency notes could come in orange or a mix of orange and yellow colour. The bills will be smaller than the Rs. 500 notes currently being circulated.
“The new currency will go through multiple security checks before being circulated. The whole exercise may take around three more months,” a source said.
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