HomeEconomicsA record 30,88 lakh crore in circulation six years after demonetization

A record 30,88 lakh crore in circulation six years after demonetization

Published on

spot_img
  • For the seven days ending October 21, 2022, the amount of money in circulation was at an all-time high of Rs.
  • 30.88 lakh crore.
  • The amount is an increase of 72% from the cash on hand with the public of 17.97 lakh crore on November 4, 2016.
  • Six years have passed since the government declared demonetisation, during which time old notes of 500 and 1,000 were withdrawn.

Latest articles

Paytm users may take up to 6 months to shift to other service providers

Paytm is looking to migrate all existing customers to another payment service provider (PSP)...

Amazon Prepping Up For Budget-Friendly, Unbranded Fashion Route To Take On Meesho

Amazon has launched a new store called Bazaar on its platform, allowing sellers to...

Aakash Education post Rs 330 crore profit in FY23

Aakash Education, owned by BYJU’S, recorded a profit of INR 330 crore in FY23,...

AI Model Backed by Mukesh Ambani to Launch in March

A consortium backed by Mukesh Ambani’s Reliance Industries Ltd. and India’s top engineering schools...

More like this

Paytm users may take up to 6 months to shift to other service providers

Paytm is looking to migrate all existing customers to another payment service provider (PSP)...

Amazon Prepping Up For Budget-Friendly, Unbranded Fashion Route To Take On Meesho

Amazon has launched a new store called Bazaar on its platform, allowing sellers to...

Aakash Education post Rs 330 crore profit in FY23

Aakash Education, owned by BYJU’S, recorded a profit of INR 330 crore in FY23,...