Cash in circulation up 10% since lockdown
Cash in circulation up 10% since lockdown
https://ift.tt/3jbORJq Since March 20, currency in circulation has risen to 26.9 lakh crore—a hike of 10% since the lockdown began. At the same time, the number of Rs 2000 notes in circulation has dipped sharply in two years. The preference for cash has seen year-on-year growth in currency held with the public (CwP) accelerating from 11.3% as on February 28, 2020 to 14.5% at end-March and to 21.3% by June.
https://ift.tt/eA8V8J from Times of India https://ift.tt/3jbORJq
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August 26, 2020 at 08:32AM
https://ift.tt/3jbORJq Since March 20, currency in circulation has risen to 26.9 lakh crore—a hike of 10% since the lockdown began. At the same time, the number of Rs 2000 notes in circulation has dipped sharply in two years. The preference for cash has seen year-on-year growth in currency held with the public (CwP) accelerating from 11.3% as on February 28, 2020 to 14.5% at end-March and to 21.3% by June.
https://ift.tt/eA8V8J from Times of India https://ift.tt/3jbORJq
via Blogger https://ift.tt/2Qo1HYy
August 26, 2020 at 08:32AM
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