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RBI Urged to Tackle India's Severe Small Currency Shortage

Summary

  • Association alerts Reserve Bank of India about severe shortage.
  • Small denomination currency notes are scarce nationwide.
  • Adequate supply of small notes is urgently requested.
RBI Urged to Tackle India's Severe Small Currency Shortage

An urgent appeal has been made to the Reserve Bank of India concerning a significant scarcity of small-denomination currency notes throughout the country. The All-India Reserve Bank Employees Association (AIRBEA) has formally brought this issue to the central bank's attention, describing the situation as an acute shortage.

Samir Ghosh, General Secretary of AIRBEA, conveyed these concerns in a letter addressed to the Deputy Governor of the RBI. The shortage of smaller bills is reportedly being experienced in large parts of India, impacting daily transactions for many citizens.

The AIRBEA is pressing the Reserve Bank of India to take immediate action to ensure an adequate supply of these crucial denominations. This call aims to mitigate the ongoing difficulties faced by the public due to the lack of readily available small change.

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