Question : Demonetisation Drive

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF ECONOMIC AFFAIRS
LOK SABHA
UNSTARRED QUESTION NO. 1859
TO BE ANSWERED ON 29th DECEMBER, 2017/8TH PAUSHA SAKA, 1939
Demonetisation Drive

1859. SHRI RAMA CHANDRA HANSDAH:

QUESTION

Will the Minister of FINANCE be pleased to state:

(a) the amount of money of Rs. 500 and Rs.1000 currency notes in circulation prior to demonetisation drive on 8 November, 2016;
(b) the amount of scrapped notes of Rs. 500 and Rs. 1000 that did not return to the banking system;
(c) whether the Government has converted the unreturned money as dividend; and
(d) if so, the details thereof and the net dividend the Government received in demonetisation process?

Answer given by the minister

STATE IN THE MINISTRY OF FINANCE
(SHRI P. RADHAKRISHNAN)

(a) & (b): On November 08, 2016, the total value of Rs 500 and Rs 1000 notes in circulation was Rs 15.44 trillion. Subject to future corrections based on verification process, the estimated value of Specified Bank Notes (SBNs) received as on June 30, 2017 is Rs. 15.28 trillion.
(c): No Madam.
(d): Doesn’t arise.





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