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Reserve Bank of India Launches Rs 200 Notes, Find Out Here

This will be the first time the country sees the Rs. 200 denomination

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Reserve Bank of India
The new Rs 200 note. Facebook
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  • On Thursday, Reserve Bank of India announced that it will be issuing new Rs 200 notes on Aug 25
  • The notes will be available at banks and RBI offices initially but not in ATMs
  • The leaked images show the new note to be bright yellow in color

Delhi, August 26, 2017: The Reserve Bank of India has launched new notes of Rs 200 on Aug 25.

Chief Economic Advisor for the State Bank of India group, Soumya Kanti Ghosh, called the new notes a “missing middle.”

Also Read: Fears of Fake New Notes: Some Quick Ways to Identify Authenticity

This will be the first time the country sees the Rs. 200 denomination. This decision of the RBI comes as a solution to reduce the burden on Rs 100 notes and to face liquidity issues.

The note will come with a picture of the Father of the Nation, Mahatma Gandhi, and will bear the signature of RBI Governor, Dr. Urjit R. Patel.

Additionally, the Sanchi Stupa Motif is at the back side of the note. The color of the note is bright yellow. The new notes will measure 66 mm x 146 mm.

Initially, the new notes will not be available at the ATM Kiosks but can only be found at some banks and RBI offices.

When India demonetized in 2016, the response was the issue of new Rs 500 and Rs 2000 notes. Rs 100 note then follows.

People faced trouble when the Rs 2000 note had to be broken down. The issue of new Rs 200 notes seeks to solve this problem. It will also help the currency system become drastically more efficient. Smoother exchange of transactions will also be facilitated through this step.


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Top 5 Affordable Travel Destinations where Money will be the Last Thing on your Mind!

Indian currency seems weak when compared to international currencies. Hence, planning a trip to New York or California is not easy

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affordable travel destinations
Japan will have your heart at first sight! Pixabay

How many times has it happened that you longed for an exotic foreign trip, but gave up on the idea because of upsetting figures in your bank balance? Indian currency seems weak when compared to international currencies. Hence, planning a trip to New York or California is not easy; everybody knows these are expensive places and you will have to think twice before your NYC dreams come true.

But what if we tell you there are countries in the world that you can visit and gather equally thrilling and exotic experiences, at much lesser price?

Yes, there are countries that can be on your travel bucket list, where money will be the last thing you will worry about! These places are not only unique and undoubtedly beautiful, they are relatively cheap and our Indian currency will prove a stronger, higher currency when compared to their own currencies!

So, what are you waiting for? We bring you our top 5 picks for affordable travel destinations and you should get packing!

 1. SRI LANKA

1 INR (Indian Rupee) = 2.37 LKR (Sri Lankan Rupee)*

Sri Lanka is the first in our affordable travel destinations list!

affordable travel destinations
Sri Lankan beaches are a sight not to be missed. Pixabay

Despite being extremely small in size, Sri Lanka is a heavenly abode that makes it to the post of top five biodiversity hotspots in the world!

Dive in with the blue whales or watch spinner dolphins play against the setting sun! Go on a wildlife safari and spend days playing with elephants in the water.

affordable travel destinations
Elephant safari in Sri Lanka. Pixabay

Sri Lanka is a haven for back-packers, packed with Dutch architecture from the times of Sri Lanka colonialists, and exotic scenic locales, it is closer to home and yet, everything that any far-off international destination could possibly offer!

 

 2. JAPAN

1 INR (Indian Rupee) = 1.70 JPY (Japanese Yen)*

Cute buildings, cute people, cute food, and cute everything else! Second on our list of affordable travel destinations is Japan.

Food is an integral part of Japan, and something that the Japanese wholly embrace as a prime part of life.

Japan’s history is intrinsically linked to the Buddhist, Shinto, and Taoist faiths- the reason why a visit to Japan will be no less than a serene and tranquil experience.

affordable travel destinations
Japan will have your heart at first sight! Pixabay

Japan is categorically blessed with natural beauty with the country boasting of extremely rare and fascinating flora and fauna – experience the magnificence of Mt. Fuji in summer and spring, and visit the streets completely covered with cherry blossoms in March and April- Japan will present you with sights that will simply take your breath away!

 

 3. ICELAND

1 INR (Indian Rupee) = 1.66 ISK (Icelandic Króna)*

Iceland convincingly makes it to the third spot on our affordable travel destinations list. Iceland is situated just below the Arctic Circle, which means the country has 24-hour daylight from mid-May to late July. Isn’t that already stimulating?

And who hasn’t heard of Iceland’s famous northern lights? The county is undoubtedly one of the world’s best places to witness the magic of the northern lights or aurora borealis. The best time to witness the magic of these celestial marvels from September to mid-April.

affordable travel destinations
The northern lights, do they even look real? Pixabay

Iceland’s rich water supply is undoubtedly its most valuable natural resource. Why are we telling you about this? Iceland has natural pools that can be found all around the country, calmly seated in natural environment.

affordable travel destinations
Iceland has natural pools that make for magnificent sights! Pixabay

Fun fact : People of Iceland do not have surnames. They follow the traditional Nordic naming system in which a person’s name includes their father’s first name.

 

 4. HUNGARY

1 INR (Indian Rupee) = 4.00 HUF (Hungarian Forint)*

From its cosmopolitan cities to the charming countryside, Hungary will provide you with innumerable reasons to make a stop here. Nonetheless, it is going to be a decision you will not regret. From mouth-watering food to traditional folk culture, Hungary offers something for everybody, which is what brings the country on the fourth spot in our affordable travel destinations list.

Hungary’s countryside is filled with naturally magnificent sights- from natural landscapes in the Hortobagy National Park, to extravagant caves of Lillafured, your Hungarian vacation will be both peaceful and beautiful!

affordable travel destinations
Szechenyi Chain Bridge. Pixabay

Hungary will be the best option if you’re looking for an affordable vacation – with affordable food, drink, and many of the country’s attractions being totally free to visit such as the Chain Bridge)

 

5. VIETNAM

1 INR (Indian Rupee) = 353.78 VND (Vietnamese Dong)*

The last on the list of affordable travel destinations is Vietnam. With its fascinating history, succulent food, gorgeous beaches, old towns, islands and waters, Vietnam should definitely be on everybody’s bucket list.

affordable travel destinations
Sunrise at Vietnam is to die for! Pixabay

Street food is a trademark of Vietnam and you will find countless food stalls on street sides throughout your trip that you can gorge on! Vietnam will also not disappoint mountaineers, or adventure seekers- you can either rent a motorbike and drive to the scenic mountains in the north or along the length of the country from north to south – but beware, this thrilling ride is not for the faint-hearted.

Don’t forget to share with us if you do plan a trip to any of these places!

* Conversion rates are subject to change.