Insta
The RBI Says It Has Supplied Close To 40 Per Cent Of Extinguished Currency To Banks
Swarajya Staff
Dec 21, 2016, 07:58 PM | Updated 07:58 PM IST
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
The Reserve Bank of India (RBI) today put out figures of the volume and value of currency that has been issued to the public through the banks.
From 10 November to 19 December, banks have reported that notes worth Rs 5,92,613 crore have been given to the public either over the counter or through ATMs, said the RBI.
From November 10, 2016 upto December 19, 2016, banks reported that banknotes worth â¹ 5,92,613 crore have been issued to public: RBI
— ANI (@ANI_news) December 21, 2016
This is over 38 per cent of the value of scrapped currency.
From Nov 10 upto Dec 19 RBI issued 22.6 Bn pieces of notes of various denominations to banks & their branches,for distribution to public:RBI
— ANI (@ANI_news) December 21, 2016
During this period, the RBI has issued a total of 22.6 billion pieces of notes of various denominations to the banks and their branches for distribution to the public. Of this, 20.4 billion pieces have made up small denomination notes of Rs 10, 20, 50 and 100, and 2.2 billion piece have made up higher denominations of Rs 2,000 and Rs 500.
Also Read: Not 50, Modi Should’ve Asked For 100 Days: Cash Crunch Will Be Fully Over Only By February End
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.