New Delhi, Dec. 8 -- Notwithstanding the demonetisation in November, 2016, the currency in circulation (CiC) in the country has more than doubled between 2016 and 2025.
While the CiC in the country was Rs 17.97 lakh crore at the time of the demonetisation that happened on November 8, 2016, the CiC in the country as on October 17, 2025 stood at Rs 38.29 lakh crore.
This was informed by Minister of State for Finance in the Lok Sabha on Monday in reply to a question on the effectiveness of demonetisation and its impact on the intended goals of curbing black money, counterfeit currency and promoting digital transactions.
Although the CiC in the country went down to Rs 10.71 lakh Cr in the first year of the demonetisation, it again rose gradu...