New Delhi, December 20 : The Reserve Bank was fully prepared to deal with currency shortages post demonetisation and has enough currency in its chests to last “far beyond” December 30, Finance Minister Arun Jaitley said on Tuesday.
“There was full preparedness. There was not a single day when the RBI had not released adequate currency to banks. There was a certain level of currency that was to be released and there was full preparedness for it,” Jaitley told reporters.
He said the RBI had maintained the stock of currency through advance as well as current printing level.
“Today also, the RBI has more than adequate stock not only to last them for December 30 but to last them far beyond that,” he said.
Asked about the currency in circulation, Jaitley said the figures would be made public only after accurate calculation after December 30, the last date for depositing the scrapped currency in banks.“The currency which got printed might have gone to post offices and from there to banks and again back to currency chest so there could be double counting and scope for inaccuracies. So we do not want to guess the figures (of currency in circulation),” he said.Economic Affairs Secretary Shaktikanta Das said the currency situation had considerably improved since November 8 and there was adequate currency with the RBI to meet the demand till December 30.
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