Currency in circulation rises to ₹31.33 lakh cr from ₹13 lakh cr in 2014: Govt
The increase in currency was seen despite the Modi govt’s demonetisation drive in 2016, which was implemented to reduce the amount of relative cash in circulation in the country.
Budget 2023: Currency with public grew least in FY22
Currency with the public has risen by around ₹1.4 lakh crore since demonetisation
Demonetisation: Cash Is Not King
Expansion of absolute cash in circulation has to be seen holistically with growth in GDP and uptick in digital transactions.
'No change’: RBI on reports about changing Mahatma Gandhi’s photo on banknotes
There is no such proposal, says the RBI; the apex bank supplies banknotes in denominations of ₹2, ₹5, ₹10, ₹20, ₹50, ₹100, ₹200, ₹500 and ₹2,000 in the country.
Currency in circulation up 9.9% to over ₹31 lakh cr in FY22: RBI
The ₹2,000 note share continues to drop in FY22; in value terms, the share of ₹500 and ₹2,000 notes together rose to 87.1% of total value of banknotes in circulation.
Budget 2022: Currency in circulation up 2x since DeMo
Cash has grown in prominence despite a very swift rise in digital payments in India over the last few years.