> was Rs 3.62 lakh crore constituting 10.8% of all the currency notes in circulation Is the point. Demonetization made ~80% of the currency in circulation no l

> was Rs 3.62 lakh crore constituting 10.8% of all the currency notes in circulation Is the point. Demonetization made ~80% of the currency in circulation no longer legal tender overnight. This phasing out is in no way comparable. Which makes the idea that people will have to queue up at banks unbelievable.