The finance ministry has responded in parliament that after demonetization, the value of currency notes has increased. On november 8, 2016, indian Prime minister Narendra Modi announced demonetization. Circulation of Rs 500 and Rs 1000 notes was banned from midnight on that day. In place of this money, new Rs.500 and Rs.2000 notes were issued, allowing people to exchange their old notes with banks for new notes. After the demonetization in India, the news about the currency notes has been making headlines.
Now there is a big announcement from the finance ministry regarding the currency notes. A question has been raised in parliament as to how much the value of currency notes has risen after demonetization. Apart from this, the government has also made an important announcement in the parliament regarding Rs.500 and Rs.2000 notes. The finance ministry has responded that after demonetization, the value of currency notes has increased.According to the Reserve bank of India's annual report, liquidity in 2017 stood at Rs 13,35,200 crore, which is 8.7 percent of GDP. Cash flow in march 2018 was Rs 18 lakh 21 thousand 318 crore which is 10.7 percent of GDP. Cash flow in march 2019 was Rs 21 lakh 36 thousand 746 crores. news circulating on social media that the facility of exchanging old Rs.500 and Rs.1000 notes has been extended to foreigners has created a stir among people.