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Cash still king as circulation at 99% of pre-demonetisation level: RBI data

Before demonetisation, the total currency with the Indian public was Rs 17.97 trillion

Topics
Currency Circulation

BS Web Team  |  New Delhi 


Almost a year after the demonetisation drive, the currency in circulation, as on 16 February 2018, stood at Rs 17.78 trillion (Rs 17.78 lakh crore), according to a Live Mint report. Before November 8, 2016, the total currency with the Indian public, according to RBI data, was Rs 17.97 trillion.

The demonetisation drive sucked Rs 14.48 trillion out of the system. This means that as of 16 February, 99.94 per cent of the currency is back in circulation. During a short span from November 9 to December 31, 2016, the Reserve Bank pumped in 23.8 billion pieces of bank notes into ...

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First Published: Fri, February 23 2018. 12:46 IST

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