Currency Shortage

Pakistan's drug regulatory authority's controversial pricing policy and the depreciating local currency have led to an acute shortage of imported and life-saving medicines in the debt-ridden country, media reports said on Monday.

US dollar retreated on Wednesday as the euro extended its overnight bounce on relief Europe might be able to avoid the worst fears concerning energy shortages

The government has requested all banks to efficiently manage cash to ensure that an adequate amount is available for ATMs and people do not face any problems.

Cash withdrawals from ATMs actually declined in the January-March quarter of last financial year on the sequential basis

Calling the bluff of the centre that the cash crunch was "sudden and temporary", the state governments of Andhra Pradesh and Telangana say they had flagged their concerns to the union government and the Reserve Bank of India (RBI) well in advance.

The problem of cash crunch being faced by some states will be resolved by tomorrow as currency is being transported to areas which are facing the shortage, SBI Chairman Rajnish Kumar said today.

Non-availability of ink has resulted in a halt in printing of Rs 200 and Rs 500 denomination banknotes at the Currency Note Press in Nashik, an employees' union leader claimed today.

The printing of Rs 500 notes will be increased five-fold by the Reserve Bank of India or RBI to deal with cash shortages in certain parts of the country, fuelled partly by hoarding of high denomination currency, the government has said.

Reserve Bank of India (RBI) says that the cash shortage may be felt in some pockets largely due to logistical issues of replenishing ATMs frequently

Andhra Pradesh Chief Minister N Chandrababu Naidu has requested the centre to immediately send currency notes of different denominations amounting to Rs 5,000 crore to the state as ATMs there are facing cash shortage.

Fans of Coca-Cola in gas-rich Turkmenistan's capital Ashgabat are complaining they can no longer "taste the feeling": their favourite drink has disappeared from shop shelves amidst a sharpening economic crisis

People in Kerala, for the past two days, are facing a severe shortage of currency notes. State Finance Minister Thomas Issac today said the crisis is severe and it has come to a stage that even the payment of salaries and pensions through state treasuries is being affected.

The economic affairs secretary said complaints of cash shortages at ATMs are being addressed and requested people to desist from withdrawing more money than they need.

The Reserve Bank of India (RBI) has agreed to provide Rs 1 billion to the Nepal Rastra Bank (NRB) after its request that the country was facing a shortage of Indian currency in 100 denomination banknotes.

The Reserve Bank of India on Tuesday advised banks to supply at least 40 per cent of new currency notes in rural areas to overcome the impact of demonetisation. The circular by the central bank has been issued after reports of rural areas in the country facing cash shortage post-demonetistion. The government had on November 9, 2016 demonetised 86 p...

Pakistan's drug regulatory authority's controversial pricing policy and the depreciating local currency have led to an acute shortage of imported and life-saving medicines in the debt-ridden country, media reports said on Monday.

US dollar retreated on Wednesday as the euro extended its overnight bounce on relief Europe might be able to avoid the worst fears concerning energy shortages

The government has requested all banks to efficiently manage cash to ensure that an adequate amount is available for ATMs and people do not face any problems.

Cash withdrawals from ATMs actually declined in the January-March quarter of last financial year on the sequential basis

Calling the bluff of the centre that the cash crunch was "sudden and temporary", the state governments of Andhra Pradesh and Telangana say they had flagged their concerns to the union government and the Reserve Bank of India (RBI) well in advance.

The problem of cash crunch being faced by some states will be resolved by tomorrow as currency is being transported to areas which are facing the shortage, SBI Chairman Rajnish Kumar said today.

Non-availability of ink has resulted in a halt in printing of Rs 200 and Rs 500 denomination banknotes at the Currency Note Press in Nashik, an employees' union leader claimed today.

The printing of Rs 500 notes will be increased five-fold by the Reserve Bank of India or RBI to deal with cash shortages in certain parts of the country, fuelled partly by hoarding of high denomination currency, the government has said.

Reserve Bank of India (RBI) says that the cash shortage may be felt in some pockets largely due to logistical issues of replenishing ATMs frequently

Andhra Pradesh Chief Minister N Chandrababu Naidu has requested the centre to immediately send currency notes of different denominations amounting to Rs 5,000 crore to the state as ATMs there are facing cash shortage.

Fans of Coca-Cola in gas-rich Turkmenistan's capital Ashgabat are complaining they can no longer "taste the feeling": their favourite drink has disappeared from shop shelves amidst a sharpening economic crisis

People in Kerala, for the past two days, are facing a severe shortage of currency notes. State Finance Minister Thomas Issac today said the crisis is severe and it has come to a stage that even the payment of salaries and pensions through state treasuries is being affected.

The economic affairs secretary said complaints of cash shortages at ATMs are being addressed and requested people to desist from withdrawing more money than they need.

The Reserve Bank of India (RBI) has agreed to provide Rs 1 billion to the Nepal Rastra Bank (NRB) after its request that the country was facing a shortage of Indian currency in 100 denomination banknotes.

The Reserve Bank of India on Tuesday advised banks to supply at least 40 per cent of new currency notes in rural areas to overcome the impact of demonetisation. The circular by the central bank has been issued after reports of rural areas in the country facing cash shortage post-demonetistion. The government had on November 9, 2016 demonetised 86 p...