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Showing posts with label Demonetisation. Show all posts
Showing posts with label Demonetisation. Show all posts

Demonetisation: RBI says 99% banned notes are back; where is the black money?

RBI's annual report for 2016- 17 on Wednesday revealed that all but 1.4 percent of the scrapped Rs 1,000 notes have returned to the banking system.
99 percent of the demonetised currency has found its way back to the banking system. Only a little over Rs 16,000 crore of Rs 15.44 lakh crore was not returned.