Lack of currency circulation, Rs 2,000 banknote getters are short-changed | punjab$chandigarh | Hindustan Times
Today in New Delhi, India
Aug 17, 2017-Thursday
-°C
New Delhi
  • Humidity
    -
  • Wind
    -

Lack of currency circulation, Rs 2,000 banknote getters are short-changed

The excitement of getting new crisp Rs 2,000 banknote is soon converting into frustration for many citizens, as there are not many takers for the high currency note in the market.

punjab Updated: Nov 21, 2016 14:17 IST
HT correspondent
People are finding it hard to buy groceries, eating food outside, paying bills, as sellers cite lack of shorter denomination currency to give in return.
People are finding it hard to buy groceries, eating food outside, paying bills, as sellers cite lack of shorter denomination currency to give in return. (Karun Sharma/ HT photo)

The excitement of getting new crisp Rs 2,000 banknote is soon converting into frustration for many citizens, as there are not many takers for the high currency note in the market.

The reason is lack of circulation of smaller denominations in the city markets. Hence, people are either asked to spend entire Rs 2,000 or they are being asked to bring change. It is becoming difficult for people to buy basic things like groceries, stationery, eating food at joints, paying bills to cab drivers, among other day-to-day spending. Some people even complained that domestic gas delivery men are not accepting Rs 2,000 banknote, further adding to their woes.

Sanya Kanwar, a resident of Sector 27, said, “On Friday, I stood in long queue for an hour and got my first Rs 2,000 banknote. I was very excited and also posted my selfie with the note, but little did I know that it will be such a pain.”

“I had to buy vegetables, but no vendor was ready to take the note. I had a harrowing time at the vegetable market and returned without buying anything,” she added.

Yogesh, a student, said, “It was my bad luck that I got Rs 2,000 banknote from the ATM machine.”

“I often have my dinner at dhabas located in Sector 42 market, which costs around Rs 50-60. But on Saturday night, no dhaba owner accepted the note and I ended up paying Rs 400 on pizza,” he said.

Gunveet Grewal, a working woman, said, “I am daily facing problem with the cab operators. Earlier, they were not accepting Rs 500 and Rs 1,000, now they are reluctant in accepting Rs 2,000 as well. Today, I borrowed Rs 100 note from my colleague and paid it to the cab driver as he refused to accept the pink note.”

Anil Vohra, president, Chandigarh Beopar Mandal, said, “It is a big problem and there is no immediate solution for it. I believe the issue will be solved in a week’s time, when more money will be circulated in the market.”