A report by Free Press Journal published recently stated that ₹88,032.5 crore of ₹500 notes were missing.
It claimed that the mints had issued 8,810.65 million pieces of the newly designed ₹500 note, according to an RTI, but the RBI’s releases show that it has received only 7,260 million. The difference according to this is 1,550 million notes.
The report also states that another RTI showed that the press at Nashik had issued 210 million pieces of ₹500 notes in FY16, whereas the RBI records do not show such receipt.
The author has added 1,550 and 210 arriving at 1,760 missing ₹500 notes, which are valued at ₹88,000 crore.
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