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Rush for money continues in Tripura

By Correspondent
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AGARTALA, Nov 12 - Four days after demonetisation of Rs 500 and Rs 1,000 notes by Prime Minister Narendra Modi, long queues still occupy spaces in front of banks and post offices to exchange �old� notes.

Thousands of worried people were seen in front of banks and post offices for long hours to get their money exchanged.

Agartala head post office had to shut down their counter after money got exhausted owing to the heavy rush. Some banks have also suspended exchange of money for want of cash.

Jewellery outlets virtually looked empty as they are not accepting Rs 500 and Rs 1,000 notes ever since the Prime Minister�s announcement.

However, the mad rush for exchange of old money is expected to change in a day or two across the State. �A consignment of Rs 100 crore has already arrived in the State for distribution through banks and post offices. There is no need to get worried for the money exchange�, said an official of UBI.

The official said there is shortage of cash in the State but this will not last for long. �More remittance will come from Kolkata and money will be exchanged after necessary tests�, he said, adding that ATMs would be opened very shortly.

However, he admitted Rs 2,000 denomination notes will take time to arrive here as testing and other formalities are time consuming.

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Rush for money continues in Tripura

AGARTALA, Nov 12 - Four days after demonetisation of Rs 500 and Rs 1,000 notes by Prime Minister Narendra Modi, long queues still occupy spaces in front of banks and post offices to exchange �old� notes.

Thousands of worried people were seen in front of banks and post offices for long hours to get their money exchanged.

Agartala head post office had to shut down their counter after money got exhausted owing to the heavy rush. Some banks have also suspended exchange of money for want of cash.

Jewellery outlets virtually looked empty as they are not accepting Rs 500 and Rs 1,000 notes ever since the Prime Minister�s announcement.

However, the mad rush for exchange of old money is expected to change in a day or two across the State. �A consignment of Rs 100 crore has already arrived in the State for distribution through banks and post offices. There is no need to get worried for the money exchange�, said an official of UBI.

The official said there is shortage of cash in the State but this will not last for long. �More remittance will come from Kolkata and money will be exchanged after necessary tests�, he said, adding that ATMs would be opened very shortly.

However, he admitted Rs 2,000 denomination notes will take time to arrive here as testing and other formalities are time consuming.

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