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Cash Shortage News
RBI says 83% currency remonetised but does it really matter?
Thu, Jun 08, 2017
The after-effects of demonetisation are still not over. RBI is yet to announce the total currency that found its way back to the banks between November 9 2016 and December 31, 2016. However, RBI said that currency to the tune of 82% of pre-demonetisation levels have been pumped in the economy.
83% currency remonetised so far: Reserve Bank of India
Wed, Jun 07, 2017
Kanungo admitted that there could be shortage in some areas but said RBI is monitoring the situation on a regular basis and has made enough arrangements to replenish cash.
Aim of demonetisation is to bring down real estate prices into the country, says CEA Arvind Subramanian
Tue, Jan 31, 2017
India's Economic Survey 2016-17 has projected the country's real estate prices to fall further on account of the government's demonetisation announcement made on November 8, 2016.
China's money markets battle dual deficits of cash, trust
Wed, Dec 21, 2016
China`s money markets are bracing for a rough transition into 2017 as a traditional year-end cash deficit coincides with heavy capital outflows and a disruptive bond default that are creating sporadic cash shortages and ramping up counterparty risk.
Pain before gain for Indian banks after Narendra Modi's cash gamble
Mon, Dec 19, 2016
India`s shock move to abolish high-value banknotes was expected to deliver a windfall to lenders, and banks have indeed seen coffers swell after people deposited Rs 12,40,000 crore ($183 billion) in cash into the system.
Bank unions AIBEA, AIBOA write to RBI Governor Urjit Patel over cash shortage
Sat, Dec 10, 2016
Two bank unions on Friday urged Reserve Bank of India (RBI) Governor Urjit Patel to ensure adequate supply of the new Rs 500 notes and bills of lower denominations to tide over the prevailing cash crunch.
Zimbabwe rolls out 'surrogate' dollars amid unease
Mon, Nov 28, 2016
Zimbabwe on Monday starts issuing "bond notes", its own currency equivalent to the US dollar in a bid to ease critical cash shortages amid widespread fears of a return to hyperinflation.
Cash shortage to continue for 4 to 5 months: BEFI
Fri, Nov 25, 2016
The Bank Employees Federation of India (BEFI) on Thursday said currency note shortage will continue for another four to five months even if the country's all four currency press facilities work at optimum capacity.