The Finance Ministry has said, demonetisation has helped in flushing out black money, eliminating fake notes and reducing cash in circulation. <br/><br/>In a tweet, the Ministry yesterday said, the total currency in circulation has come down to almost Rs. 15 lakh crore as of 4th August from around 18 lakh crores. <br/><br/>It said, only 83 per cent is the effective currency in circulation today with remonetisation. <br/><br/>Detailing other benefits of demonetisation for the economy, the Ministry said, it has dealt a big blow to finances of terrorism and Left-wing extremism. <br/><br/>It said, the move has also helped in expanding tax base, converting non-formal economy into a formal one and making money accountable. <br/><br/>The Ministry added that the decision has provided a big boost to digitisation of payments, making India a less-cash economy.