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RBI raises interest in printing of notes

Business News

RBI raises interest in printing of notes

admin1 May 7, 2018

NEW DELHI: Economic Affairs Secretary Subhash Chandra Garg has said that the RBI has raised the issue of repayment of the current cash hardship. According to the report, Rs 500, Rs 200 and Rs 100 notes are printed. We have been printing about Rs. 3,000 crore rupees daily.
Speaking on the occasion, he said, “Now there is a shortage of cash across the country. We are publishing more notes for the reduction of cash demand. 85% of ATMs are now available for cash. Cash is available as per demand. It is true that most of the cash short notes have taken the time off. We’re not trying to repeat this anymore. Currently Rs. There are seven lakh crore notes worth Rs. This made it possible to print the most in demand. But people are more than Rs 500, Rs 200 and Rs 100 respectively. People use more of them. There are more demand for Rs 500 per note. That’s why they increased their print. Rs.2,500-3,000 crore per day 500 notes are printed. Moreover, the RBI is taking strict measures to control fake notes. ”

Recently the country’s cash shortfall has been intensified. Empty ATMs appeared wherever they were seen during the notice. This led to the sudden loss of banknotes by the government and the RBI’s immediate withdrawal of banknotes.

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