Cashless Economy NOT Cashless ATMs: Twitter on Cash Crunch

Tweeple are angry and amused at the cash crunch in ATMs across India.

After reports of several ATMs across the country not being able to dispense cash following a shortage, Finance Minister Arun Jaitley went into damage control mode.

He cited “sudden and unusual increase” in withdrawals as the reason for the cash crunch and assured that there was adequate currency with the banks.

Have reviewed the currency situation in the country. Over all there is more than adequate currency in circulation and also available with the Banks. The temporary shortage caused by ‘sudden and unusual increase’ in some areas is being tackled quickly.

— Arun Jaitley (@arunjaitley) April 17, 2018