Rs 17 Lakh Crores worth Currency notes being exchanged throughout the country

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Rs 17 Lakh Crores worth Currency notes being exchanged throughout the country

Exchange of Rs 17 lakhs crores, currency notes of Rs 500 and Rs 1000 are maximum. Denomination of currency notes of currency notes of Rs. 100, Rs. 50, Rs. 20, Rs. 10, Rs. 5, and Rs. 1/- submitted for exchange are minimal.

Total currency in circulation in country, currency notes of Rs 500 are 47.8 percent. This means that almost half of currency notes are now in circulation are of Rs 500 denomination. 

Rs 1000 currency circulation contribute 38.6 percent. Among total currency in circulation, currency notes of Rs 5oo and Rs 1000 contribute 86 percent. 

All these currency notes are to be changed before March 2017. This means that in another 4 months, all people will be handling new Rupee currency in their hands throughout the country.
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