Ashutosh Muglikar (for Info only, not official)

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Ashutosh Muglikar

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    ...This activity is a very closely guarded secret between the Ministry of Finance and the Reserve Bank of India. The techniques to assess the demand factor take into consideration the following: Projected GDP Growth rate of the Country Number of notes already in circulation Number of notes to be destroyed or expected to be destroyed/replaced Current and projected Inflation rate The volume and projected growth rate of electronic transactions etc. More can be read about the “Econometric modelling methods” of Currency demand here. Post demonitisation the Reserve Bank of India fairly must have had an idea about the demand as the number of notes of 500 and 1000 rupees was already known. Currency Printing Infrastructure in India Paper used for printing of the notes is supplied by Bank Note Paper Mills Private Limited, Mysuru which is under the Control of the RBI. ...

    ABP on Dec. 5, 2016, midnight