Mumbai, Apr 18: The
Reserve Bank of India (RBI) have assured the public that there is no currency
shortage.
"Unusually large cash withdrawals" have lead ATMs
in some places to run out of cash. It has been reported in a section of the
media that there is shortage of currency in certain parts of the country. It is
clarified at the outset that there is sufficient cash in the RBI vaults and
currency chests," the Central Bank of the country said in a statement
here.
It further said that printing of notes has been ramped up in all the four note presses.
RBI also clarified that the "shortage may be felt in some pockets, largely due to logistical issues of replenishing ATMs frequently and the recalibration of ATMs being still underway."
Further, "as a matter of abundant precaution, RBI is also taking steps to move currency to areas, which are witnessing unusually large cash withdrawals," it added. UNI
It further said that printing of notes has been ramped up in all the four note presses.
RBI also clarified that the "shortage may be felt in some pockets, largely due to logistical issues of replenishing ATMs frequently and the recalibration of ATMs being still underway."
Further, "as a matter of abundant precaution, RBI is also taking steps to move currency to areas, which are witnessing unusually large cash withdrawals," it added. UNI
Post A Comment:
0 comments so far,add yours