HomeNewsOpinionCould rising currency in circulation be a reason for the withdrawal of Rs 2000 notes?

Could rising currency in circulation be a reason for the withdrawal of Rs 2000 notes?

Manas Chakravarty • May 23, 2023 / 09:03 IST

Banknotes in circulation are now 15.1 percent of money supply, compared to 13.7 percent in the September 2016 quarter

despite the sharp rise in digital transactions, banknotes in circulation have been going up as a proportion of money supply

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