Finance minister Nirmala Sitharaman said in the Lok Sabha on Monday that the currency has gone up to Rs 31.33 lakh crore in March 2022, from Rs 13 lakh crore in 2014. The GDP ratio, which includes bank notes and coins, stood at 13.7 per cent as of March 25, 2022, up from 11.6 per cent as on March 2014. The cash in circulation had dipped after the demonetization to Rs 13.35 lakh crore in March 2017 from Rs 16.63 lakh crore as of March 2016. Since then, cash in circulation has gone up from Rs 18.29 lakh crore in March 2018 to Rs 21.36 lakh crore and Rs 24.47 lakh crore in March 2019 and March 2020. The government's mission is to move towards a less cash economy to reduce the generation and circulation of black money and to promote the digital economy, Sitharaman said. The Minister said on November 8, 2016 that the goal of the demonetisation was to contain fake currency notes, to limit the use of high denomination banknotes for storage of unaccounted wealth, and to contain the rising level of using fake currency for financing subversive activities like drug trafficking and terrorism.