Ever since Prime Minister Narendra Modi announced that Rs 500 and Rs 1,000 notes would be scrapped in a bid to curb black money in India, the RBI has over a period introduced several new notes to the Indian market.
Ever since Prime Minister Narendra Modi announced that Rs 500 and Rs 1,000 notes would be scrapped in a bid to curb black money in India, the RBI has over a period introduced several new notes to the Indian market.
Starting with the Rs 2,000 note and Rs 500 notes, the RBI subsequently introduced Rs 200, Rs 50, Rs 10, and on Thursday the new Rs 100 notes.
Each of these currencies have been a unique colour - something that was previously not seen in India.
Last November, on the first anniversary of demonetization, Union Finance Minister Arun Jaitley on Tuesday, wrote a detailed post on Facebook explaining how demonetization had positively impacted the Indian economy. He said that the Prime Minister's move to get rid of old Rs 500 and Rs 1,000 notes on November 8, 2016 was the stepping stone towards a cash-free economy, which in the process could eradicate black money.
"When the country is participating in “Anti-Black Money Day”, a debate was started that whether the entire exercise of demonetisation has served any intended purpose. This narrative attempts to bring out positive outcomes of demonetization in short-term and medium-term with respect to stated objectives," Jaitley had written.
1. Pink is the way for Rs 2,000
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The pink Rs 2,000 note was one of the first currencies introduced after PM Modi announced that the old Rs 500 and Rs 1,000 notes would be scrapped
2. Going grey with Rs 500
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The new Rs 500 was a smaller-looking note compared to its predecessor, and was released at the same time as the Rs 2,000 note
3. Orange is the new black
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The Rs 200 note, which was the first orange-coloured note introduced by the RBI, had mixed reactions, but has finally been accepted by the masses
4. Money blues
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Similarly, the Rs 50 note, which is blue in colour has not entirely replaced the older variant of the currency. The blue one is not as commonly found as the earlier one, but whenever someone receives it, they either keep it safe or immediately get rid of it
5. Rs 10 gets a makeover
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While not too many people have seen the Rs 10 note, it is available and is yet to replace the older version of the denomination.
6. The 100 rupee note
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The Rs 100 note that was released by the RBI on Thursday
