Arun Jaitley Hints Scrapped Currency May Not Be Fully Remonetised

NEW DELHI: Finance minister Arun Jaitley on Satiurday  hinted that not all of the Rs 15.44 lakh crore worth of currency junked will be remonetised through issuance of new notes as he said digital currency will fill the gap.

"One of the efforts of this exercise has to be that even though a reduced cash currency could remain, our conscious effort is to supplement the rest with a digital currency,"   Jaitley said  while addressing annual general meeting of industry chamber FICCI here.

Jaitley further said "The whole process of  remonetisation  is not going to take very long time"

 

Comments

Cross Town News is the no. 1 Weekly Newspaper and Online News Portal in J&K in term of serious News. The rugged Newspaper & Portal is with a substantial difference to read and presence to feel. This newspaper has a vision to deliver the real side of truth to the public . Since it’s inception in 2013 March, It has become No. 1 News medium for people of J&K. Cross Town News has a mission to deliver high quality news across the nation within fraction of time.

Subscribe Now

Subscribe to our weekly Newsletter.