Arun Jaitley denies shortage of currency supply after demonetisation

After demonetisation, the government slowly started to flood the system with the new Rs. 2,000 notes to replenish the cash shortage and that raised the new problem–shortage of loose cash. ATMs remained out of order for days on end, some even for weeks with people camping outside them throughout the night in wait for cash.

Further, logistical issues were a nightmare as providing new currency from the RBI currency chests to every corner of the country was a mammoth exercise. The situation couldn’t be stabilised in few days and people across the country, including banks came on record saying they were struggling with short supply of currency.