What the finance ministry has to say on the cash crunch

April 17, 2018 14:47

SC Garg, Secretary, Dept of Economic Affairs, on the cash crunch: "We print about 500 crore Rs 500 notes per day. We have taken steps to raise this production five times. In the next couple of days, we will have supply of about 2500 crore of Rs 500 notes per day. In a month, supply would be about 70000 to 75000 crore

The government is taking all steps to ensure that ATMs are supplied with cash and to get non-functional ATMs normalised at the earliest. Govt of India would like to assure that there have been adequate supply of currency notes which have met entire demand so far. It would also like to assure it would be supplying adequate currency notes to meet even higher demand in coming days/months.

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