Over 99% of demonetised notes were returned: RBI

ForumIAS announcing GS Foundation Program for UPSC CSE 2025-26 from 19 April. Click Here for more information.

ForumIAS Answer Writing Focus Group (AWFG) for Mains 2024 commencing from 24th June 2024. The Entrance Test for the program will be held on 28th April 2024 at 9 AM. To know more about the program visit: https://forumias.com/blog/awfg2024

Over 99% of demonetised notes were returned: RBI

News:

  1. RBI data on circulation of note currency.

Important Facts:

2. According to RBI report more than 99% of the Rs. 500 and Rs. 1,000 notes had been returned to the central bank.

3. Total value of Rs 500 and Rs 1000 were 15.41 lakh crore before note ban and the value of such notes returned is 15.31 lakh crore.

4. Value of banknotes in circulation increased by 37.7% over the year to Rs. 18.04 lakh crore.

5. More Rs. 500 notes are pumped into the system compared to Rs. 2000.

6. Share of newly introduced Rs. 200 banknotes in the total value of banknotes is 2.1%

Print Friendly and PDF
Blog
Academy
Community