The Demonetization Numbers - Share of Currency in Circulation
Sai Krishna Muthyanolla
September 4, 2017
As on March 31st 2016, the total currency in circulation was Rs 16.41 lakh out of which Rs 500 and Rs 1000 made up for more than 86% by value. As on March 31st 2017, the total currency in circulation came down to Rs 13.1 lakh crore on account of demonetization. Rs 2000 notes alone accounted for 50% of the value while the share of Rs 500 notes came down to 22.5%. The share of both Rs 100 notes and other smaller denomination notes almost doubled.