The value of digital transactions are declining as currency with public gathers pace. Dr Viral acharys was quoted in MINT “I think everyone should keep in mind that the remonetisation is taking place at a very fast pace. We have some way to go, but I think we expect that within two to three months we will reach full currency in circulation. It will be slightly lower, but it is in that ballpark (number),” he said.
If this entire money is remonetised and goes back into vault then it will be a lost opportunity of a kind of one time dividend which govt would have got (if not immediately) helping govt finances or better for spending on development for society
If this money is used for consumption rather than hoarded then it will create headache for RBI in the form of rising inflationary pressures.
Either ways not a happy outcome