Share of Rs 500 note touched 70% post-demonetisation, shows RBI data

Clipped from:

Manojit Saha

ATM, DEMONETISATION, Rs 500, currency notes

1 min read Last Updated : May 21 2023 | 10:51 PM IST

Follow Us

Listen to This Article

The share of Rs 500 notes in circulation, which was just over 20 per cent before the demonetisation exercise in 2016, has surged beyond 70 per cent since. The share of all other currencies has fallen in the past few years, with the Rs 2,000 bank notes seeing the sharpest fall to 13.8 per cent by the end of FY22 and to 10.8 per cent by March 2023.


Topics : currency notes RBI

First Published: May 21 2023 | 10:51 PM IST

Conversation 0 CommentsClose Icon

Refrain from posting comments that obscene, defamatory or inflammatory, and do not induldge in personal attacks, name calling or inciting hatred against any commununity. Help us delete comments that do not follow these guidelines by marking them offensive. Let’s work together to keep the conversation civil.

No Comment

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s