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Cash crunch to ease by year end - Jaitley

Reuters  |  NEW DELHI 

(Reuters) - Minister Arun said on Friday that a crunch following the scrapping of high-value banknotes would ease by Dec. 30 with the release of a significant part of new replacement currency.

said, however, that the amount of to be issued in the form of new 500 and 2,000 rupee notes would not be the same as the amount circulating before Nov. 8, when Prime Minister Narendra announced the so-called demonetisation.

(Reporting by Rajesh Kumar Singh; Writing by Douglas Busvine; Editing by Swati Bhat)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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Cash crunch to ease by year end - Jaitley

NEW DELHI (Reuters) - Finance Minister Arun Jaitley said on Friday that a cash crunch following the scrapping of high-value banknotes would ease by Dec. 30 with the release of a significant part of new replacement currency.

(Reuters) - Minister Arun said on Friday that a crunch following the scrapping of high-value banknotes would ease by Dec. 30 with the release of a significant part of new replacement currency.

said, however, that the amount of to be issued in the form of new 500 and 2,000 rupee notes would not be the same as the amount circulating before Nov. 8, when Prime Minister Narendra announced the so-called demonetisation.

(Reporting by Rajesh Kumar Singh; Writing by Douglas Busvine; Editing by Swati Bhat)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Cash crunch to ease by year end - Jaitley

(Reuters) - Minister Arun said on Friday that a crunch following the scrapping of high-value banknotes would ease by Dec. 30 with the release of a significant part of new replacement currency.

said, however, that the amount of to be issued in the form of new 500 and 2,000 rupee notes would not be the same as the amount circulating before Nov. 8, when Prime Minister Narendra announced the so-called demonetisation.

(Reporting by Rajesh Kumar Singh; Writing by Douglas Busvine; Editing by Swati Bhat)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22