Nearly 36 months after the nation grappled with the shortage of cash in the wake of Prime Minister Narendra Modi's sudden move to demonetise Rs 1,000 and Rs 500 notes, some parts of the country are witnessing a shortage of currency in ATM machines, again.

For the last few weeks, South Indian states including Telangana and Andhra Pradesh have reportedly seen ATMs go dry. They are now joined by Bihar, Uttar Pradesh, Karnataka, Maharashtra, Chhattisgarh, Gujarat, Delhi and Madhya Pradesh, as people in these states are said to be returning home empty-handed from ATMs.

Responding to the reports, Finance Minister Arun Jaitley said that there is more than adequate currency in circulation, and with the banks after acknowledging that there have been reports of cash crunch in many states.

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The FM stated that the ministry has reviewed the currency situation and the shortage is caused due to 『sudden and unusual increase』 in some areas, which is being tackled quickly.

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Listen in to the podcast to know what is causing the shortage...


本文來源:https://www.moneycontrol.com/news/business/economy/podcast-cash-crunch-heres-why-atms-in-the-country-are-running-dry-2550709.html