Facts on the question of re-monetising India

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If the presses worked three shifts a day instead of two, their daily production capacity could be raised to 11.1 crore (111 million) notes a day.

However, less than half of the machines in the presses have the ability to print the security features required for high-value notes (Rs 500 and above).

This means that even if all the machines that print high-value notes in all four presses printed only Rs 500 rupee notes 24 hours a day, we would at best be able to print 5.56 crore (55.6 million) Rs 500 notes every day.

This translates to about Rs. 2,778 crore ($418 million) in value printed every day in Rs 500 notes.

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