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India demonetisation fails to purge black money – Financial Times

August 31, 2017
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Financial Times
India’s central bank has estimated that 99 per cent of the high denomination banknotes cancelled last year were deposited or exchanged for new currency, dashing government hopes that its contentious demonetisation exercise would wipe out huge amounts
RBI on demonetisation: 99% banned notes back in banking systemThe Indian Express
RBI says 98.96% of Rs 500, Rs 1000 notes returned after demonetisationLivemint
99% of junked Rs 500/1000 notes returned to banks: RBIEconomic Times

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