RBI ramps up circulation of low-value notes in first 9 months of 2017-18

The share of small denomination currency in the total value of the currency was 13% at the time of demonetisation

Nearly half the currency notes circulated by the Reserve Bank of India (RBI) during the first nine months of 2017-18 were of smaller denomination, such as Rs 200, Rs 100 and below, the government informed Parliament on Friday.

“RBI has informed that nearly 48 per cent of the total currency notes supplied since April 01, 2017 till December 31, 2017, are lower denomination notes,” Minister of State for Finance Shiv Pratap Shukla said. He was responding to a query on whether the government has received complaints related to shortage of lower denomination notes in automated teller machines (ATMs). “Denomination-wise requirement