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Thursday, November 24, 2016

Demonetisation of Rs 1,000 and Rs 500 Notes - How 23 billion banned notes will be destroyed?






The demonetisation process is estimated to mop up 86% of India’s currency in value terms.

'This means some 23 billion “expired” bank notes of Rs 500 and Rs 1,000 denominations will need to be destroyed.

This is how RBI is expected to execute this Herculean task













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