TaxTMI 
TaxTMI 
TaxTMI 
Government reviews the currency circulation in the country
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....overnment reviews the currency circulation in the country <br>News and Press Release<br>Dated:- 17-4-2018<br><BR>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 som....
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....e 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 Bih....
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....ar. 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 t....
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....o 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-f....
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....unctional ATMs normalised at the earliest.<BR> News - Press release - PIB....