The Demonetisation numbers

Newslaundry

The Demonetisation numbers"


Play all audios:

Loading...

1. A total of 685.782 crore Rs 1000 notes were demonetised on November 8th, 2016. As per RBI’s annual report, 676.882 crore Rs 1000 notes have been deposited in the banks as of March 31st,


2017. In other words 98.7% of the demonetised Rs 1000 notes are back into the banks.   2. A total of 1716.506 crore Rs 500 notes were demonetised on November 8th, 2016. As per RBI’s annual


report, 1702.306 crore Rs 500 notes have been deposited in the banks as of June 30th, 2017. In other words 99.17% of the demonetised Rs 500 notes are back into the banks. 3. Currency worth


Rs 15.44 lakh crore was demonetised on November 8th, 2016. As per RBI’s annual report, currency worth Rs 15.28 lakh crore has been deposited in the banks as of June 30th, 2017. In other


words 98.96% of the demonetised currency is back into the banks. 4. The cost of printing currency notes increased significantly in 2016-17 because of the introduction of the new Rs 500 and


Rs 1000 notes. While Rs 3762 crore was spent on currency printing in 2014-15, Rs 3421 crore was spent in 2015-16 and Rs 7965 crore was spent in 2016-17, an increase of more than 130%. 5. The


number of fake currency notes (old Rs 500 & Rs 1000) detected increased to 3.18 lakh fake Rs 500 notes and 2.56 lakh Rs 1000 notes. This is after most of the old notes are back into the


system. The number of such notes detected in 2015-16 was 2.62 lakh Rs 500 notes and 1.43 lakh Rs 1000 notes. 6. Even the new Rs 500 and Rs 2000 notes could not escape the scourge of fake


notes. In 2016-17, 638 fake notes of Rs 2000 and 199 fake notes of the new Rs 500 note were detected. 7. As on March 31st 2016, the total currency in circulation was Rs 16.41 lakh out of


which Rs 500 and Rs 1000 made up for more than 86% by value. As on March 31st 2017, the total currency in circulation came down to Rs 13.1 lakh crore on account of demonetisation. Rs 2000


notes alone accounted for 50% of the value while the share of Rs 500 notes came down to 22.5%. The share of both Rs 100 notes and other smaller denomination notes almost doubled. THIS


ARTICLE HAS BEEN RE-PUBLISHED WITH THE PERMISSION OF FACTLY. VISIT THE WEBSITE HERE.


Trending News

Burberry set to release cosmetics

Burberry set to release cosmeticsBANG SHOWBIZThe West AustralianWed, 28 October 2009 3:12PMShare to FacebookShare to XEm...

Pink's reopens after voluntary closure: 'feels like a hug' for longtime fans

Pink’s is no longer singing the coronavirus blues. The storied hot dog stand in Hollywood reopened Monday after a two-mo...

Podcast | Economipedia

UN PODCAST ES UN ARCHIVO DE AUDIO QUE SE GRABA Y SE PUBLICA DE FORMA PERIÓDICA CON EL OBJETIVO DE TRANSMITIR UNA SERIE D...

Incredible moment girl, 4, is caught by hero after she was thrown 50ft from Grenfell Tower

Known only as Pat, the man was among neighbours who helped out at the tower block in north Kensington on Wednesday after...

Head of the Class (Opinion)

Share article Remove Save to favorites Save to favorites Print Email Facebook LinkedIn Twitter Copy URL The letter from ...

Latests News

The Demonetisation numbers

1. A total of 685.782 crore Rs 1000 notes were demonetised on November 8th, 2016. As per RBI’s annual report, 676.882 cr...

Bandra senior molests 12-year-old help

The Bandra police have arrested a 65-year-old man for allegedly molesting a minor girl on Thursday, after his own son ap...

Graded Response Action Plan to help improve Delhi's air quality in force from today

New Delhi: India’s national capital will pin its hopes on the Graded Response Action Plan (GRAP) for the air quality to ...

Claudia winkleman then and now: star flaunts fresh-faced look in 2008

Claudia Winkleman, 46, first appeared on people’s TV screens back in 1992, on BBC series Holiday, but it wasn’t until th...

Philippine Rebels End Cease-Fire Over Aquino’s Position

MANILA — Communist rebels announced Saturday that they are ending their cease-fire because President Corazon Aquino is c...

Top