It is now nearly eight months since November 2016. As on July 7, 2017, the newly printed currency in circulation (CIC) reached 84 per cent of the extinguished one (CIC at 86 per cent of pre-demonetised levels). In addition, cash on hand with banks, a CIC component has now declined to 5.4 per cent of the former (from the peak level of 23.2 per cent in November 2016).
Even as the economy is now close to complete remonetisation, two issues continue to hog the limelight: (1) Whether ATMs are now churning out currency according to the customer needs and (2) the
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