UGC Approved Journal no 63975(19)

ISSN: 2349-5162 | ESTD Year : 2014
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Published in:

Volume 8 Issue 10
October-2021
eISSN: 2349-5162

UGC and ISSN approved 7.95 impact factor UGC Approved Journal no 63975

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Published Paper ID:
JETIR2110233


Registration ID:
316017

Page Number

c268-c274

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Title

Demonetization and Cash Fungibility

Authors

Abstract

Estimates suggest that the black money in India before demonetization was around Rs 3.5 lakh crores, while the amount in the form of fake currency was around Rs 400 crores. Following announcement, the total of demonetized was Rs 15.44 lakh crores. The exact amount of deposited money into the formal banking channels would reveal the effectiveness of demonetization and the amount of black money that has been recovered, but the RBI is yet to release the respective statements. Since the estimates suggest approximately five percent of the total population holds black money in cash, it was evident that the inculpable majority would have to bear the burden of the demonetization exercise. The paper is an attempt to discuss the proposed effect on black money post demonetization

Key Words

Demonetization, Reserve Bank of India (RBI),Currency

Cite This Article

"Demonetization and Cash Fungibility", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.8, Issue 10, page no.c268-c274, October-2021, Available :http://www.jetir.org/papers/JETIR2110233.pdf

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2349-5162 | Impact Factor 7.95 Calculate by Google Scholar

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 7.95 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Cite This Article

"Demonetization and Cash Fungibility", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.8, Issue 10, page no. ppc268-c274, October-2021, Available at : http://www.jetir.org/papers/JETIR2110233.pdf

Publication Details

Published Paper ID: JETIR2110233
Registration ID: 316017
Published In: Volume 8 | Issue 10 | Year October-2021
DOI (Digital Object Identifier):
Page No: c268-c274
Country: ROHTAK, HARYANA, India .
Area: Management
ISSN Number: 2349-5162
Publisher: IJ Publication


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