Chidambaram: 17.97 lakh crores was the total... ... DEMONETISATION Valid Or Not? : Supreme Court Constitution Bench Hearing- LIVE UPDATES

Chidambaram: 17.97 lakh crores was the total currency in circulation. Rs 500 and Rs 1000 represented 15.44 lakh crores. When that was withdrawn, the country was left with only around 2 lakh crores, which was not enough to sustain the economy.