There is sufficient supply of notes, don't panic : RBI assures people
In a statement, the RBI said, "There is sufficient supply of notes consequent upon increased production which started nearly two months ago."
"Members of public are requested not to panic or hoard currency notes," the central bank said.
The RBI’s clarification comes as massive number of people have been thronging branches across the country to exchange the scrapped 1,000 and 500 rupee notes.
Prime Minister Narendra Modi had announced the demonetisation policy on November eight.
Though the Government has clarified that the move has been taken to arrest the flow of black money, opposition leaders have been up in arms against it, pointing at the distress of the people, who have to spend long hours every day in front of banks and ATMs to deposit, exchange and withdraw money.
The Government allows every single individual to exchange money up to worth Rs. 2,000 and withdraw cash up to Rs. 24,000 per week.
The PM has urged the people to bear with the inconvenience for 50 days for a better future.
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