Amid concerns over cash crunch in ATMs (Automated Teller Machines) in different parts of the country, the government on Tuesday said that it has taken steps to ramp up the minting of Rs 500 currency notes by five times.
Briefing the media, S C Garg, Secretary, Department of Economic Affairs said, “We print about 500 crore of Rs 500 notes per day. We have taken steps to raise this production 5 times. In next couple of days, we’ll have supply of about 2,500 crore of Rs 500 notes per day. In a month, supply would be about 70,000-75,000 crore.
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