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Meeting conducted by RBI prior to demonitization

News and Press Release - Dated:- 3-2-2017 - RBI held a meeting of its Central Board on November 8, 2016. The agenda of the meeting, inter-alia, included the item : Memorandum on existing banknotes in the denomination of ₹ 500 and ₹ 1000 - .....

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Ms. Anjuly Chib Duggal, Director 6. Dr. Nachiket Mor, Director 7. Shri Bharat N. Doshi, Director 8. Shri Sudhir Mankad, Director RBI periodically estimates and reviews the demand for currency and accordingly in consultation with GoI indents for supp .....

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Presses had augmented production of banknotes which were being sent to different parts of the country on priority. The white paper on Black Money, dated May, 2012 by the Department of Revenue had noted that the estimate of Black Money has increased .....

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