Question Detial

What was the percentage of money circulation in terms of 500 and 1000 Rupee note in India before 8th November 2016?

According to the data available with the RBI (chart below), the number of Rs 500 notes in circulation increased from 1,141 crore as of 31 March 2014 to 1,571 crore as of 31 March 2016, an increase of whopping 38 percent over two years
Similarly, the number of Rs 1,000 notes rose 24.5 percent from 508 crore to 633 crore during the period. Both the denominations together witnessed a jump of 33.6 percent over the two-year period.
The proportion of Rs 500 and Rs 1,000 in the currency in circulation, which stands at 86 percent of the total value.