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Naidu asks Centre to send currency notes as ATMs run dry in AP

Press Trust of India  |  Amaravati 

N Chandrababu has requested the Centre to immediately send currency notes of different denominations amounting to Rs 5,000 crore to the state as ATMs there are facing cash shortage.

The has sent a letter in this regard to Union Minister and marked a copy of it to Urjit Patel, a CMO said.

For the last few days, people in different parts of AP are greeted by 'No Cash' boards at ATMs, reminding one of the post-demonetisation days.

Long queues are seen at a few ATMs where cash is available but only in a limited quantity.

officials say the bulk withdrawal of money from savings banks accounts was resulting in the scarcity of currency notes.

"Hitherto, people used to keep their money in their accounts and withdraw in small quantities when required," here said.

"Of late, ostensibly because of the various charges being imposed, people are withdrawing money in one go, leaving us short of cash," the said.

Thus, banks were unable to feed enough cash into the ATMs. Large crowds were seen at many with people waiting in queues to withdraw money.

In this backdrop, the wrote a letter last night to the Union minister requesting that Rs 5,000 crore be despatched to the state to overcome the currency shortage.

"Farmers who sold their paddy are unable to get money while pensioners too are suffering. Loan disbursal to women self-help groups is also affected," he said in the letter.

"People are forced to wait for hours to withdraw money from ATMs wherever it is available. In view of this, it is requested that the RBI send Rs 5,000 crore to AP in various denominations," the chief minister said.

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

First Published: Thu, February 15 2018. 23:15 IST