More than Rs 15 lakh crore returned from circulation post demonetisation

The total value of specified bank notes returned from circulation during 2016-17 was Rs 15,31,073 crore, minister of state for finance Anurag Thakur informed the Lok Sabha in a written reply on Monday. On November 8, 2016, the Centre had invalidated Rs 500 and Rs 1,000 notes and introduced new Rs 500 and Rs 2,000 notes in a bid to fight terror funding and money laundering.

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