Shortage of small denomination currency is clearly visible in the market place as citizens struggle to exchange 2000 denomination notes which they have been handed over by banks. The problem has also been compounded because people are stocking Rs.100 bundles in exchange for their old denomination notes which have become defunct. I request people to make their payments through smaller currencies so that these notes come into circulation. The government too should speed up their printing process of new currency so that ample money is pumped into the system so that people are not inconvenienced. Denomination of currency is a revolutionary step to curb black money and people should cooperate with the government so that the transition is smooth towards a cashless and corrupt free economy!
S.N. Kabra
(The views expressed by the author in the article are his/her own.)
