Government and RBI have taken all steps to meet unusual demand of the currency – Government reviews the currency circulation in the country 

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Azadi Ka Amrit Mahoutsav

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Government reviews the currency circulation in the country 

Government and RBI have taken all steps to meet unusual demand of the currency 
Adequate reserves of currency to meet the rising demands 
Non Functional ATMS to be normalized soon 

There are reports of cash shortages and some ATMs running dry of cash or becoming non-functional in some parts of the country.

There has been an unusual spurt in currency demand in the country in last three months.   In the current month, in the first 13 days itself, the currency supply increased by Rs.45000 crores.  This unusual spurt in demand is seen more in some parts of the country like Andhra Pradesh, Telangana, Karnataka, MP and Bihar.

The Government of India with the Reserve Bank of India have taken all steps to meet this unusual demand. We had adequate reserves of currency notes which have been used to meet fully the extraordinary demand generated so far.  We continue to have in stock adequate currency notes of all denominations, including of Rs.500, 200 and Rs.100 to meet any demand.

The Government would like to assure all the people that there has been an adequate supply of currency notes which have met entire demand so far. The government would also like to assure that it would be supplying adequate currency notes to meet even higher levels of demand if such demand were to continue in the coming days/months.  

The Government is taking all steps to ensure that ATMs are supplied with cash and to get non-functional ATMs normalized at the earliest.

About Post Author

Suman Munshi

Founder Editor of IBG NEWS (15/Mar/2012- 09/Aug/2018). Recipient of Udar Akash Rokeya Shakhawat Hossain Award 2018. National Geographic & Canon Wild Clicks 2011 jury and public poll winner. Studied Post Graduate Advance Dip in Computer Sc., MBA IT,LIMS (USA & Australia), GxP(USA & UK),BA (Sociology) Dip in Journalism (Ireland), Diploma in Vedic Astrology, Numerology, Palmistry, Vastu Shastra & Feng Sui 25 years in the digital & IT industry with Global MNCs' worked & traveled in USA, UK, Europe, Singapore, Australia, Bangladesh & many other countries. Education and Training advance management and R&D Technology from India, USA, UK, Australia. Over 30 Certification from Global leaders in R&D and Education. Computer Science Teacher, IT & LIMS expert with a wide fan following in his community. General Secretary West Bengal State Committee of All Indian Reporter’s Association
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