With annual report of Reserve Bank of India (RBI) now finally making it clear that rupees 15.28 lakh crore worth demonetized currency out of total rupees 15.44 lakh crore i.e. about 99-percent coming back to banks by 30.06.2017, it seems that RBI and central bank backed out from accepting demonetized currency at all RBI offices till 31.03.2017 in fear of more than circulated demonetized currency coming back, which is not theoretically possible. However with such unbelievable figure now officially disclosed, an enquiry becomes necessary if some duplicate series of currency were printed during earlier UPA regime.
Also in a country like India where incidents of old-aged people dying leaving large amount of undiscoverable currency in secret places are quite common. Many of notes in denominations of rupees 500 and 1000 in last thirty years when these notes were first time issued in the years 1987 and 1000 respectively must have been destroyed with garment-wash, fire-accidents and other such incidents. People having denied opportunity to deposit demonetized currency till 31.03.2017 at RBI offices still have huge amounts in old notes. Large chunks of demonetized currency are still being discovered at various places by government-agencies.
MADHU AGRAWAL
