RBI Report on Demonetised Notes

BE/RBI NOTE/34/2018

INR Notes

 

  • An RBI report released states that as much as 99.3 per cent of the junked Rs. 500 and Rs. 1000 which were demonetized by the Government has since returned to the banking system.
  • RBI also stated that only a miniscule percentage of currency was left out of the system after the Government’s unprecedented note bank aimed at curbing black money and corruption.
  • However, there are apprehensions if the entire money in the said denominations have been returned, has the Black Money in the market been fully eradicated?

Author: Admin Bankedge

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