FM Arun Jaitley: Currency returned to RBI post-note ban being calculated

FM Arun Jaitley: Currency returned to RBI post-note ban being calculated

New Delhi: The Reserve Bank of India (RBI) is still calculating and taking stock of the currency that was returned to banks post demonetisation, Finance Minister Arun Jaitley said on Tuesday.

In response to a question by Samajwadi Party leader Naresh Agarwal in the Rajya Sabha, Jaitley said that the RBI was taking stock of the currency that returned to the banks and would come out with an "exact figure" in due course.

The Finance Minister did not specify a time-frame for the same. "The money that was being returned to banks (during the window given by government) went to currency chests and then came to RBI. It periodically gave some figures of the money that was coming in," Jaitley said. "Now the RBI is calculating the exact amount, and would come out with the exact figure," he added.