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Arun Jaitley hints scrapped currency may not be fully remonetised

Jammu and Kashmir Bank

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"


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