Govt assures adequate supply of new currency before Christmas

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Staff Reporter
SHILLONG, Dec 07: With Christmas drawing near and apprehensions looming over the supply of the new currency notes in Meghalaya after the demonetization of the old Rs. 500 and Rs. 1000 notes, the state government has assured that it is doing whatever is necessary to allay the fears and apprehensions of the people here.
The state government has also assured to ensure that there is enough money available before Christmas celebrations after a review meeting held here in the city on Tuesday.

“We are making all efforts to ensure that enough money is available with us before the Christmas comes,” state finance secretary Sanjay Goyal said.
Stating that the situation has improved in the state, he said that the government is continuously pushing the Government of India Reserve Bank of India (RBI) to provide more and more money in the lower denomination currency notes.
“We are pushing from our side and the Chief Secretary is in continuous touch with RBI officials and we are in touch with the Ministry of Finance taking appropriate steps to ensure we get our fair share,” Goyal said.
Agreeing that inconveniences are there, he however pointed out that the lesser queues in the banks and ATMs is an indication that the state is capable of catering to the demand.
He admitted that the people are hesitant to take the new Rs 2000 currency note, which is being circulated widely due to shortage of lower denomination Rs 500 and Rs 100 notes.
“However our position has improved in terms of lower denomination notes compared to 10 days back. We stand at 12 %, which is good progress, as it was only 4 % 10 days ago,” Goyal said while adding that the state will be in a more comfortable position once this reaches 15 %.
He also informed that around Rs 150 crore in lower denomination currency notes is already in circulation in the state.


 

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