Demonetisation has turned India around into the world's fastest slowing economy.

However, while we are crunching these numbers, RBI has informed the government that it would take exactly a year to replace 22 billion pieces of currency notes that have been termed illegal tender, if the government presses were to work overtime.

This situation may well force the government to take recourse in currency imports and extension of the time limit of exchange of old notes beyond 50 days.

The exact size of extinguished money may only be available by the end of March, after the closure of the exercise.
Shared publiclyView activity