New Delhi: Finance Minister Arun Jaitley on Tuesday said there is more than adequate currency in the circulation and the same is available with bank. He said this in an attempt to assuage rising concern over running dry of ATMs across the country.
Taking to micro-blogging site Twitter, he, however, maintained that the currency shortage is “temporary” and that it has been caused due to sudden and unusual increase (in demand) in some parts of the country. He said he has reviewed the currency situation and overall there is more than adequate currency in circulation and also available with the banks.
In the past few days, complaints have started pouring from Bihar, Maharashtra, Andhra Pradesh, Gujarat and Telangana about ATMs’ running dry.
According to RBI data, currency in circulation as on April 6 was Rs 18.17 lakh crore, which is close to the number at the time of demonetisation.
