RBI to announce demonetization figure soon

RBIChauthi Duniya Bureau
After the report of that Rs. 15 lakh crore has returned to the system, the Reserve Bank of India on Thursday issued a clarification that the RBI has not come out with an official estimate of the old notes deposited in the banking system after the deadline ended on December 30. Earlier a report was published quoting sources in the RBI that 15 lakh crore has returned into the system.

After that the Reserve Bank of India has to come up with an explanation that RBI has not issued any such estimate, and it is taking steps to complete the procedure to counting the depositing notes and soon come up with the real figures.The RBI in its statement said it is taking all steps to complete the process expeditiously so as to release firm figures of banned notes received at an early date. However, after the end of 30 December deadline to deposit old currency notes of Rs. 500 and 1000, there has been complete silence from government and the RBI.

It is intriguing why the government which not shy away from claiming and linking local body polls with the people’s endorsement of the move is not come up with the real figure?In computerized system it is not a big deal to calculate the numbers in a few days.

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