Sunday , August 20 2017
Home / Business / 19.1 bn new notes pumped into public domain: RBI

19.1 bn new notes pumped into public domain: RBI

Mumbai: With growing concerns over the circulation of new notes with the public post-demonetisation, the Reserve Bank of India (RBI) on Wednesday clarified that 19.1 billion pieces of new currency have been put back into the public domain.

“Nineteen poine one billion notes have already been put in circulation with the public,” RBI Deputy Governor R. Gandhi said in a press conference after the bi-monetary policy review.

Gandhi also said almost Rs 12 lakh crore old notes (Rs 11.85 lakh crore) have been deposited by public so far.

On November 8, the government decided to demonetise Rs 500 and Rs 1,000 notes across the country.