currency in circulation

Currency in circulation declined during the Diwali week, supposed to be a busy shopping period, for the first time in 20 years this year. This can be explained by the growing preference for digital payments. The report where…

Digital payments are inaccessible to about 15 crore people who do not have a bank account. Five years after the demonetisation drive abruptly began on November 8, 2016, notes in circulation (NIC) in value terms have increased by 64% as…

The Currency in Circulation (CIC) has increased by 22% in 2020, as compared to the volume recorded in 2019. RBI has released important data, informing the growth in currency circulation by Rs 5,01,405 crore in a year’s time, between…