Cash crunch deja vu: Political battles crop up as citizens become collateral damage

Despite currency flow in the economy being higher than the pre-demonetisation level, many states have reported shortage of cash over the past few days.

Long queues were witnessed outside ATMs in several parts of Andhra Pradesh, Telangana, Madhya Pradesh, Bihar and poll-bound Karnataka.

Reacting to the cash crunch situation, Finance Minister Arun Jaitley today said that the shortage is temporary and is being tackled quickly.

"Have reviewed the currency situation in the country. Over all, there is more than adequate currency in circulation and also available with the Banks. The temporary shortage caused by 'sudden and unusual increase' in some areas is being tackled quickly," ANI quoted Finance Minister Arun Jaitley.