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RBI Assures There’s Enough Money With Banks To Exchange Demonetised Notes
The Reserve Bank of India (RBI) head office in Mumbai (PUNIT PARANJPE/AFP/Getty Images)
The Reserve Bank of India (RBI) said today (11 November) there was enough cash made available with banks all over the country for exchange of demonetised Rs 500 and Rs 1,000 notes, though it may “take a while for the banks to re-calibrate their ATMs”.
The RBI’s statement read:
The RBI said that consequent to the demonetization of existing Rs 500 and Rs 1,000 bank notes, arrangements have been made to distribute the notes in new Rs 2,000 and other denominations nationwide:
(From IANS)
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