The finance ministry has reviewed the currency circulation in the country in the wake of 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. This unusual spurt in demand is seen more in some parts of the country like Andhra Pradesh, Telangana, Karnataka, MP and Bihar.
Finance ministry stated that 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 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", ministry stated.
