After scrapping of Rs 500 and Rs 1,000 currency notes, people are struggling for cash in their hands. ATMs are running dry which is adding to the woes of people. People are standing in long queues to get cash for their daily needs, But, despite that, they are not been successful in getting the required cash.
On the other hand, the people who are getting successful in withdrawing Rs 2,000 are also struggling to use it at the shops. The shopkeepers are refusing to accept the high denomination notes because of shortage of low denomination notes which is required to close the transaction. Often, they are not having low denomination notes to give in return.
Shopkeepers are of the view that on a purchase of low amount, people are offering Rs 2,000 notes which is very difficult to accept as they don’t have low denomination notes to give in return.
This problem is not only been witnessed in Delhi but in other parts of the country as well. Shopkeepers are telling that the governments should also bring Rs 500 notes back in circulation so that it becomes easier for them to complete the transaction.
On being asked on cash shortage and improper functioning of ATMs, Finance Minister Arun Jaitley has said that it may take another 2-3 weeks for ATMs to work properly. In such a scenario, tough days may continue for people across country.