The Centre is exploring multiple ways to make small-denomination currency notes more widely available, in a move to address a persistent shortage that has plagued everyday cash transactions nearly a decade after demonetization.
The proposal includes a new kind of currency-dispensing machine to issue 110, 120 and 150 notes on demand, a “hybrid ATM that can exchange large notes for smaller denominations and coins, and a move to push the central bank to print more small denomination currency notes, according to two officials familiar with discussions within the government. “A prototype of low-denomination currency dispensing machines is currently being tested under a pilot project in Mumbai
Satinder Duggal
