Business Standard

RBI annual report: 99% of demonetised currency back with central bank

Of the Rs 15.44 lakh cr withdrawn with scrapping of Rs 500, Rs 1,000 notes, Rs 15.28 lakh cr are back

demonetisation, note ban, cash, rupee, 500, 1000
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BS Web Team New Delhi
The Reserve Bank of India on Wednesday revealed in its annual report that Rs 15.28 lakh crore, or 99 per cent of the Rs 15.44-lakh-crore scrapped currency notes, had come back to the central bank between the government’s demonetisation decision and June 30, 2017.
 
However, in what came as a surprise to many, the RBI report said that about 89 million units of the demonetised Rs 1,000 notes, worth Rs 8,900 crore, had not come back into the system.
 
The share of the newly introduced Rs 2,000 notes in the total value of banknotes in circulation as at

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