RESOURCES
WORTH
- 17,54,000 CRORE: OVERALL WORTH
OF NOTES IN CIRCULATION
IN VALUE TERMS
- RS 500 NOTES CONSTITUTE 45%
OF THIS
- RS 1000 NOTES CONSTITUTE 39%
OF THIS
IN VOLUME TERMS
- RS. 10 AND RS. 100 NOTES
CONSTITUTE 53% OF THIS.
RS. 500 AND RS. 1000 NOTES
IN CIRCULATION
ACCORDING TO A BUSINESS
STANDARD REPORT QUOTING DEPUTY GUV R GANDHI:
- "16.5 BILLION RS 500 NOTES
AND 6.7 BILLION RS 1000 NOTES IN CIRCULATION CURRENTLY".
ACCORDING TO A
BLOOMBERGQUINT REPORT QUOTING THE RBI,
- 7% OF NOTES IN CIRCULATION:
RS. 1000
- 14.7% OF NOTES IN
CIRCULATION: RS. 500
RS. 6,32,600 CRORE IN
CIRCULATION - IN THE FORM OF RS. 1000 NOTES - TO BE REPLACED BY RS. 2000 NOTES
CURRENCY CHESTS
- STATE BANK OF INDIA -
HAVING STRONGEST CURRENCY CHEST IN INDIA - 1965 IN NUMBER
- SBI AFFILIATES - 757 CURRENCY
CHESTS
- OTHER NATIONALIZED BANKS -
1173 CURRENCY CHESTS
- PRIVATE BANKS - 160 CURRENCY
CHESTS
COUNTERFEIT
2015-16: COMMERCIAL BANKS
FLOW DELECTATED 6.5 LAKH COUNTERFEIT NOTES.
- 30%: EXPANSION IN ECONOMY
BETWEEN 2011 TO 2016.
- 40%: INCREASE IN CIRCULATION
OF CURRENCY NOTES.
- 76%: INCREASE IN CIRCULATION
OF RS. 500 NOTES IN THE SAME PERIOD.
- 109%: INCREASE IN CIRCULATION
OF RS. 1000 NOTES.
- 4 LAKH OF THESE NOTES WERE
OF RS. 500 AND RS 1,000.
GOVERNMENT WANTS TO CHECK
THIS BY RE-MONETISING RS. 500 NOTE AND REPLACING RS. 1000 NOTE BY RS. 2000
NOTE.
BUT WHAT ABOUT COUNTERFEIT
RS. 100 NOTES?
RS. 100 COUNTERFEIT NOTES
IN CIRCULATION: 2 LAKH
©SantoshChaubey