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        Case ID :

        Government reviews the currency circulation in the country

        April 17, 2018

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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 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 ₹ 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 ₹ 500, 200 and ₹ 100 to meet any demand.

        The Government would like to assure all the people that there have been 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 normalised at the earliest.

        Currency supply assurance: government and central bank mobilise reserves and restore ATMs to meet surging cash demand. The Government and the central bank have mobilised currency reserves and operational measures to meet an unusual surge in demand, affirming that notes of all major denominations remain sufficient and will continue to be supplied as needed, while coordinating ATM replenishment and normalisation to ensure cash availability.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Currency supply assurance: government and central bank mobilise reserves and restore ATMs to meet surging cash demand.

                                The Government and the central bank have mobilised currency reserves and operational measures to meet an unusual surge in demand, affirming that notes of all major denominations remain sufficient and will continue to be supplied as needed, while coordinating ATM replenishment and normalisation to ensure cash availability.





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                                ActsIncome Tax
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