New Delhi: According to a media report, the Reserve Bank of India is set to release new Rs 100 note by next month. The note will be violet in colour and smaller in size than the present once. To be precise, it will be slightly bigger than the new Rs 10 note.
The old Rs 100 currency notes will also be in circulation along with the new notes.The printing has already begun in the printing press of Dewas.
The report said that foreign ink was used in printing the samples of Rs 2000 notes in the beginning, but the Dewas press has now managed the same colour using indigenous colour.
Notably, the Narendra Modi government on November 8, 2016, had announced demonetisation, wherein, Rs 500 and Rs 1,000 notes were discontinued to check the circulation of black money in the financial system. The move saw 86% of currency being sucked out of the system, and the government had then launched an urgent operation to replenish the gap by issuing new Rs 2,000 and Rs 500 notes.
According to RBI and government data, as of November 8, 2016, there were 1,716.5 crore pieces of Rs 500 and 685.8 crore pieces of Rs 1,000 notes in circulation, totalling Rs 15.44 lakh crore, about 86% of the total currency in circulation.