The Bihar Post

Don’t panic, there is sufficient supply of notes: RBI assures people

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Mumbai: Assuring that there is a sufficient supply of notes, the Reserve Bank of India on Thursday urged the people not to panic and hoard currencies.

In a statement, the RBI said, “There is sufficient supply of notes consequent upon increased production which started nearly two months ago.”

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“Members of public are requested not to panic or hoard currency notes,” the central bank said.

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The RBI’s clarification comes as huge massive number of people have been thronging branches across the country to exchange the scrapped 1,000 and 500 rupee notes.

Though the Government has clarified that the move has been taken to arrest the flow of black money, opposition leaders have been up in arms against it, pointing at the distress of the people, who have to spend long hours every day in front of banks and ATMs to deposit, exchange and withdraw money.

IBNS

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