New lavender coloured Rs 100 currency note in Mahatma Gandhi series to be rolled out

A new lavender and violet coloured Rs 100 note will be circulated soon by RBI. This banknote will be in the Mahatma Gandhi (New) Series, bearing signature of Dr. Urjit R. Patel, Governor, Reserve Bank of India. RBI is set to release the new Rs 100 note by next month. The new note will house the impression of Gujarat's Rani Ki Vav (stepwell), said a Dainik Bhaskar report, adding that the size of this currency will be smaller than the present one. However, it will be slightly bigger than new Rs 10 note.
 
According to the report, the old Rs 100 currency notes will not be affected by the new notes and will continue in circulation. The printing of the new Rs 100 note has reportedly started in the printing press of Dewas. The new design was given final shape at the printing press, where Rs 2000 note are also printed. 
 
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.
 
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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.