Reserve Bank of India (RBI) to launch new Rs 50 currency note

On 8 November 2016, the Government of India announced the demonetisation of all ₹500 and ₹1,000 notes. The government claimed that the action would curtail the shadow economy and crack down on the use of illicit and counterfeit cash to fund illegal activity and terrorism. Now Reserve Bank of India (RBI) is set to launch new Rs.50 currency note soon. An image of a bundle of new Rs.50 currency note leaked on the social media.