It is now nearly 8 months since the Government demonetized high denomination currency notes. As on 7 July 17, the newly printed currency in circulation (CIC) has reached 84% of the extinguished one. In addition, cash on hand with banks, a CIC component has now declined to 5.4% of the former (from the peak level of 23.2% in Nov’16). Even as the economy is now close to complete remonetization, tw...