Bankers and operators of automated teller machines say the sudden shortage of cash in some Indian states is mainly the result of the central bank printing fewer 2,000 rupee notes over the past few months in favour of harder - to - hoard smaller bills. (cnbc.com)
Some of the impact is being mitigated by the substitution of cash with credit cards or electronic wallet payments, or with informal credit, but it is clear that the shortage of cash is having a significant impact on near - term activity.» (ibankcoin.com)
«Given a limited quantity of new currency notes, the first few weeks since the currency reform have seen a shortage of cash, and consequently a significant reduction in consumption activity given that nearly 80 percent of overall consumption takes place in cash. (ibankcoin.com)