Currency Crisis: Shops Down Shutters
Source: IT News

Imphal, November 17 2016: Shops and other business establishment in Imphal are severely affected due to the currency crisis.

The unending lines at ATMs and banks across the town are yet to normalize.

Shop owners say they do not have lower denomination to give back to customers.

There is also fear of providing items and goods on credit, if they are unable to accept the old currency notes.

"Everyone is coming to our shop with either Rs 500 or Rs 1000 note.

We have literally no way of returning the change as there is really no change," said a shop owner in Imphal's Thangal Bazar.

So we have put up a special board outside our shop to let customers know about it.

This has severely affected our daily business.

In a normal day, we usually sell around 10-15 thousands but after the demonetization move by Narendra Modi on 8th of this month, we are doing business of only 3000-4000 a day, added the shop owner.

Many shopkeepers also complain that they do not have change for the new Rs.2000 note, as bank has not been able to provide enough currency change.

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