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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
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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
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