Demonetisation Flashback, Says Twitter As ATMs Run Dry In Some States

In what is giving people on Twitter demonetisation flashbacks to November 2016, some ATMs across the country are running out of cash. People in states like Karnataka, Maharashtra, Andhra Pradesh, Rajasthan, Uttar Pradesh, Madhya Pradesh and Telangana have reported that ATMs are either not working or have run out of cash. News agency ANI quoted people from Hyderabad as saying they had been unable to withdraw cash since yesterday. Similar reports came from Delhi and Varanasi. In Bhopal, reports ANI, many have been unable to withdraw money for 15 days.

The cash crunch in India has created anger as well as panic on Twitter, where many have shared their discontent. The hashtag "CashCrunch" also began trending soon.

Many compared the situation to the time of demonetization in November 2016, which saw much of the nation queued up at ATMs for days
 

Feels like #Demonetisation again. Many ATMs empty. The one near my home is cashless for over an year now. I never found cash there anytime I visited. Feeling cash crunch again.

- Neha Joy Chauhan (@nehajoychauhan) April 17, 2018

There is an acute cash crunch across ATMs in the country. A flashback to the infamous demonetisation scandal.

- Aavinash Chaliha (@aavinashchaliha) April 17, 2018

Other expressed their anger
 

There used to be dry days for alcohol. Now there are dry days for cash. #CashCrunch

- Chetan Bhagat (@chetan_bhagat) April 17, 2018

Almost every ATM is out if cash... What is happening? .. Is there a unannounced Demonization? Or All the banks went Bankrupt that they don't have money to fill ATMs

- Amar (@amar_ramaraj) April 17, 2018

While the ATMs Go Dry & The Nation is Facing #CashCrunch
Nirav Modi & Vijay Mallaya .. Laughing Abroad
#CashlessATMs pic.twitter.com/10p4LyTTud

- Aarti (@aartic02) April 17, 2018

This is what they meant less cash society #CashCrunch

- Narayanan Embar (@narayananembar) April 17, 2018

The centre says the "problem" will be resolved in three days. Finance Minister Arun Jaitley said in a tweet that there is "more than adequate currency in circulation and also available with the Banks." He said that the "temporary shortage caused by 'sudden and unusual increase' in some areas is being tackled quickly."
 

Have reviewed the currency situation in the country. Over all there is more than adequate currency in circulation and also available with the Banks. The temporary shortage caused by 'sudden and unusual increase' in some areas is being tackled quickly.

- Arun Jaitley (@arunjaitley) April 17, 2018

Sources have told NDTV that the RBI has directed banks with surplus cash to help banks with a shortage of funds. Sources say there is a mismatch of supply and demand of cash, and transactions at ATMs have also gone up from Rs 3,000 earlier to Rs 5,000 now.