New Delhi, Apr 17: People of various cities including Delhi, Varanasi, Bhopal and Hyderabad are struggling as ATMs are running dry, creating a situation of a severe cash crunch. There have been complaints that either the ATMs don’t have cash or they are not working. Commoners are finding it difficult to meet their daily needs, which includes buying groceries and vegetables. The Finance Ministry, however, said there was enough cash currency in circulation and the situation will be brought under control in three days.
“We’ve cash currency of Rs1,25,000 cr right now. There is one problem that some states have less currency and others have more. The government has formed a state-wise committee and RBI also formed a committee to transfer currency from one state to other. It’ll be done in 3 days,” SP Shukla, Mos Finance, informed.
In Telangana, Hyderabad residents are facing the same problems. They said they are not being able to withdraw cash from ATMs as kiosks in several parts of the city have run out of cash. The same situation is prevailing in most parts of the city, they informed.
In Delhi, people have said only Rs 500 notes are coming out of the kiosks. “We are facing the cash crunch. Most of the ATMs are not dispensing cash, the ones which are dispensing, have only Rs 500 notes. We are facing difficulty, don’t know what to do,” they said.
“We do not know what or where the problem is but the common man is facing difficulty as the ATM Kiosks are not dispensing cash. We have visited 5-6 ATMs since morning. We need to pay for the admission of children and purchase groceries and vegetables,” ANI quoted the people of Varanasi.
In Madhya Pradesh, residents of Bhopal say that the cash crunch is troubling them for the past 15 days. The situation is so tense in the state that even Chief Minister Shivraj Singh Chouhan had to make a public comment on the issue. He smelled a conspiracy in the cash crunch.
“When demonetisation took place, markets were flooded with currency notes worth Rs 15 lakh crore. Today, Rs 16.5 lakh crore currency notes have been printed and circulated. But where are the Rs 2000 currency notes vanishing? Who is hoarding them? Who is creating currency crunch?” Shivraj Singh Chouhan reportedly asked.
“This is also a conspiracy…, so that troubles start. Once the trouble starts, (conspirators) play mischief,” he added.