The Reserve Bank of India (RBI) on Thursday announced that it would issue Rs 200 notes on Friday. (You can read about the salient features of the new note here ).State Bank of India's ( SBI ) group chief economic adviser Soumya Kanti Ghosh calls the Rs 200 note , the "missing middle".Ghosh points out, that post demonetisation , there was no note between Rs 500 and Rs 2,000 denominations, and hence the Rs 200 note would be useful and will ease smaller operational difficulties. "It will facilitate transactions, getting change for Rs 2,000 would be easier. Post demonetisation, five new currency notes have been announced, including Thursday's announcement -- Rs 2,000, Rs 500, Rs 200, Rs 50, and Re 1. "Since the length of the new 200 currency is different from the existing currency in circulation (100,500,2000), cassette calibration is required to be done.

Source: Times of India August 24, 2017 10:59 UTC