New notes worth Rs 9.2 lakh cr issued, note ban talks begin last Jan

He told the panel that talks with govt on demonetisation began early last year

The Reserve Bank of India has injected Rs 9.2 lakh cr ($135.21 billion) worth of new currency notes into the banking system to help replace the notes banned in November, a parliamentary source quoted central bank governor Urjit Patel as saying on Wednesday.

Patel met a parliamentary panel on finance on Wednesday to answer questions about the country's recent move to abolish 500 and 1,000 rupees notes, or 86% of the currency then in circulation, in a bid to unearth billions of dollars of unaccounted money.

About Rs 15.4 lakh crore worth 500 and 1,000 rupees notes were removed from