▁such ▁as ▁human ▁tra ff ick ing ; ▁and ▁counter fe it ▁currency . ▁Other ▁stated ▁object ives ▁included ▁expand ing ▁the ▁tax ▁base ▁and ▁increasing ▁the ▁number ▁of ▁tax pay ers ; ▁reducing ▁the ▁number ▁of ▁transactions ▁carried ▁out ▁by ▁c ash ; ▁reducing ▁the ▁fin ances ▁available ▁to ▁terror ists ▁and ▁radical ▁groups ▁such ▁as ▁Ma o ists ▁and ▁N ax al ites ; ▁and ▁integr ating ▁the ▁formal ▁and ▁inform al ▁econom ies . ▁ ▁Black ▁money ▁The ▁government ▁estimated ▁that ▁, ▁or ▁approximately ▁ 2 0 %, ▁of ▁the ▁demon et ised ▁bank notes ▁would ▁be ▁perman ently ▁removed ▁from ▁circul ation . ▁However , ▁according ▁to ▁a ▁ 2 0 1 8 ▁report ▁from ▁the ▁R BI , ▁approximately ▁ 9 9 . 3 % ▁of ▁the ▁demon et ised ▁bank notes , ▁or ▁ ▁of ▁the ▁ ▁that ▁had ▁been ▁demon et ised , ▁were ▁depos ited ▁with ▁the ▁bank ing ▁system . ▁The ▁bank notes ▁that ▁were ▁not ▁depos ited ▁were ▁worth ▁. ▁Comment ators ▁concluded ▁that ▁the ▁government ▁failed ▁in ▁its ▁aim ▁of ▁p urg ing ▁black ▁money ▁from ▁the ▁economy . ▁ ▁E vas ion ▁ ▁There ▁were ▁reports ▁of ▁people ▁circum vent ing ▁the ▁restrictions ▁im posed ▁on ▁exchange ▁transactions ▁by ▁conduct ing ▁multiple ▁transactions ▁at ▁different ▁bank ▁branches , ▁and ▁by ▁sending ▁h ired ▁people , ▁employees , ▁and ▁follow ers ▁in ▁groups ▁to ▁exchange ▁large ▁amounts ▁of ▁demon et ized ▁bank notes ▁at ▁banks . ▁In ▁Gu jar at , ▁Del