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The currency in circulation in a country is based on the need or demand for cash in the community. The monetary authority of each country (or currency zone) is responsible for ensuring there is enough money in circulation to meet the commercial needs of the economy, and releases additional notes and coins when there is a demand for them.
The banknotes in circulation had further increased to ₹19.5 trillion in September 2018 [98] and ₹21.41 trillion in March 2019, 19.14% higher than the level before demonetisation. [99] Five years after demonetisation, the currency in circulation was at a record high of ₹29.17 trillion on 29 October 2021. [100] [101]
This was the highest currency note printed by RBI that was in active circulation, ever since the 1,000 rupee note was demonetised in November 2016. [ 3 ] [ 4 ] [ 5 ] Before the official announcement by RBI, the media reported that ₹2000 notes had been printed from the currency printing press in Mysuru by the end of October 2016. [ 6 ]
Colour key and notes Indicates that a given currency is pegged to another currency (details) Italics indicates a state or territory with a low level of international recognition State or territory Currency Symbol [D] or Abbrev. ISO code Fractional unit Number to basic Abkhazia Abkhazian apsar [E] аҧ (none) (none) (none) Russian ruble ₽ RUB Kopeck 100 Afghanistan Afghan afghani ؋ AFN ...
In 1987, the ₹500 note was introduced, followed by the ₹1,000 note in the year. The current ₹500 banknote, in circulation since 10 November 2016, is a part of the Mahatma Gandhi New Series. The previous banknotes of the Mahatma Gandhi Series, in circulation between October 1997 and November 2016, were demonetised on November 8, 2016.
As of 2024, three series of coins circulate: aluminium coins dated 1999-2003, nickel-plated steel Rp1,000 coins dated 2010, and National Heroes of Indonesia coins dated 2016; the former three are rarely seen in circulation as they are often sold nowadays as collectors' items at prices above face value due to its rarity. [21] [22] [23] [24]
India's currency in circulation has increased by only around 500 billion rupees in the first four months of this financial year that began in April, which is nearly half the pace of the same ...
As of May 2016, the Bank of the Republic of Colombia estimates that 344.8 million 20,000 Colombian peso notes are in circulation in the country. First put into circulation on 2 December 1996, it has numerous security features such as a watermark , ultraviolet ink, security thread and microprinting , which certify its authenticity.