@article {article1368, title = {The currency circulation conundrum }, author = {Ranjit K Pattnaik}, journal = {Foundation of The Billion Press}, date = 2019-04-03, year = 2019, url = https://www.thebillionpress.org/columns/economy/currency-circulation-conundrum-1368, Abstract = {One of the important objectives of demonetisation was to discourage the use of cash and to check the amount of “currency in circulation” and thus reduce the flow of black money in the system. “Currency in circulation” is an important measure in that sense and has been used by the government to explain what it has called the success of demonetisation. The published figure of “currency in circulation” for half year ending September 2017 stood at Rs.15.89 lakh crore.} }