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Who is not happy with the situation is the population, as well as the tourists, who daily demand in cash points, assets, cash to suppress the daily needs.
The photo-journalist of the RTP, Pedro A. Pina, is in the city índiana Varanasi and portrays that “all” were caught by surprise.
“Nobody anticipated the measure, and I think that the goal is the same this. The problem is that, at least here in Varanasi, the things were not especially well made,” he explains.
Pedro A. Pina said that the banks were closed for a day and the cash machines for two.
Photo: Pedro A. Pina – RTP
“The bank can redeem the notes of 500 and a thousand, and you can also exchange euros and dollars, but people like me, who had no euros nor a lot of money, are really distressed and very concerned.”
According to Pedro Pina, the new banknotes of 500 and 2000 rupees still not been put in circulation, and notes of higher value in the circular, at this time, are the 100 rupees (about two euros).
The maximum you can withdraw per card, when you can find an atm machine active, are two thousand rupees.
“what is happening is that people take all the cards that have (family including) and raise as much as they can, because two thousand rupees is not much, if you have a family to support”, explains Pedro Pina.
a direct Consequence of this scarcity is the cash machines run out of money.
“Today I got up at 6 in the morning to try to find a cash machine that worked, I walked about four kilometers to the foot and all the machines, where I spent (ten or 15) were either closed or out of money.”
Foto: Pedro A. Pina – RTP
With this problem, the population constantly asks information where you can withdraw money.
The photo-journalist of the RTP, is located in the city of Varanasi, India, and reports that after one of these requests, an indian told him that he would have to wait between four and seishoras in the queue and it was not guaranteed that when you got the machine still had money.
A situation depicted in a story from Reuters that shows the difficulty of indians, to raise money, after the government’s decision.
Credit video: Reuters
Government gives the order to the Central Bank índiano to issue new currency
The surprise and the banking panic was installed there about four days after the indian Government ordered the issuance of the new notes, invalidated the old ones.
The banks had re-opened this Thursday with the new currency, one note of 2,000 rupees (about 35 euros), but there were limits on how much the indian could withdraw at once.
The seats in the face of such as have been invaded by people who seek at all costs to the exchange and deposit of the old notes.
This Friday, after many boxes of electronic remained closed or out of service, there were some riots in the streets.
Photo: Pedro A. Pina – RTP
Officials from the indian Government point out this measure as a way to "attack" the rich, who have huge stashes of currency not declared.
But the immediate impact was mainly felt in the population of the middle class.
meanwhile, some of the most wealthy, the owners of the private clubs, have already lamented avelutadas monetary losses.
The Central Bank of India (BCI), however has already sought to reassure the public, and issued a statement this Friday saying that the Government had “available cash” and asked for the indian be patient during the coming days.
According to the BCI, the citizens will be able to make the exchange of the values present in banking until 30 December.
Foto: Pedro A. Pina – RTP
The photo-journalist of the RTP Pedro A. Pina is in India, in Varanasi, and took photos of the huge effort of the indians who daily try to rescue and withdraw the savings in cash machines that still offer cash.
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