24HOUR NOTES ARE BEING PRINTED ...

 

 Kolkata, April 20, (globelmedianews.com):
People are struggling with cash shortage in ATMs for a few days in the country. The central government has hastened steps to curb cash shortage. Four printing presses in the country are already 24 hours a day to print new notes, an official said. It said 24x7 is now being printed on printing press in the printing press since the beginning of this week to meet the demand of around Rs 70,000 crore to avoid shortage of banknotes.


24HOUR NOTES ARE BEING PRINTED ...

 In particular, Rs 500 and Rs 200 notes are printed. The four printing presses of SPMCIL are typically working from 18 to 19 hours a day to print notes on a daily basis. However, the ATMs were spoiled due to the shortage of cash and the printing press was told to the news agency that it was working without break. Printing of banknotes continues for 15 days. Within the end of this month, the printing of 500 rupees was increased five times to meet the cash shortage. 500 note papers per day From Rs 500 crore to Rs 2,500 crore. In a month, the printing of notes will reach Rs 75,000 crore from Rs 70,000 crore. With this, it is expected that the currency notes will be closer to the demand. In the country already Rs. 2,000 notes would be around Rs.18.43 trillion, with a limit of Rs 35.70 trillion, and Rs. In the past, when the banknotes were canceled in November 2016, Printing press works 24 hours to print 2000 new currency notes.

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