Page 107 - BFSI CHRONICLE 10 th Issue (2nd Annual Issue ) .indd

BFSI Chronicle, 2 Annual Issue, 10 Edition July 2022
th
nd
The thrust of currency management of the The total value of Coins in circulation increased
Reserve Bank of India is to make available an by 2.1 percent in 2020-21, while the total
adequate quantity of clean notes in circulation. volume increased by only 1.0 percent. As of
The last year witnessed a higher-than-average March 31, 2021, Coins of `1, `2, and `5 together
increase in banknotes in circulation primarily constituted 83.8 percent of the total volume of
due to precautionary holding of cash by the coins in circulation, while in value terms, these
public during the COVID-19 pandemic and denominations accounted for 77.6 percent.
its prolonged continuance. The Reserve Bank Coins in Circulation (End-March) – 2021
continued its efforts toward upgrading the
infrastructure for currency management. The Denomination Volume Value
following is the particulars of Currency Notes (`) (Pieces in lakh) (`crore)
Pieces and Value of Circulation in the Economy
Small coins 1,47,880 700
are as follows:
Bank Notes in Circulation (End-March) – 2021 (12.0) (2.6)
1 5,12,597 5,126
Volume Value (41.7) (19.1)
Denomination (`)
(Pieces in Lakh) (` Crore)
2 3,37,863 6,757
2 and 5 1,11,728 4,307 (27.5) (25.1)
(9.0) (0.2) 5 1,79,360 8,968
10 2,93,681 29,368 (14.6) (33.4)
(23.6) (1.0) 10 51,391 5,139
20 90,579 18,116 (4.2) (19.1)
(7.3) (0.6) 20 896 179
50 87,524 43,762 (0.1) (0.7)
(7.0) (1.5) Total 12,29,988 26,870
100 1,90,555 1,90,555
Note:
(15.3) (6.7) 1. Figures in parentheses represent the percentage
200 58,304 1,16,608 share in total volume/value. They may not add up to
100 due to the rounding-off of numbers.
(4.7) (4.1)
2. Figures may not add up to the total due to the
500 3,86,790 19,33,951
rounding-off of numbers.
(31.1) (68.4)
2,000 24,510 4,90,195 (Source: RBI)
(2.0) (17.3)
Central Bank Digital Currencies-CBDC:
Total 12,43,671 28,26,863
A CBDC is essentially electronic cash. It
Note: is similar to the traditional fiat currencies
1. Figures in parentheses represent the percentage which deliver the holders a direct claim
share in total volume/value. They may not add up to on the Central Bank and permits both
100 due to the rounding-off of numbers.
2. Figures may not add up to the total due to the individuals and businesses to make
rounding-off of numbers. transfers and Electronic Payments.
(Source: RBI)

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