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Hit by DeMon, tribals find it difficult to get change
In spite of tall claims by the government that there is no problem in people getting the currency of lower denomination; people in the Agency areas are still facing the problem.
With inadequate availability of smaller notes, middlemen are cheating poor tribals by charging 10 per cent commission for exchanging big notes for smaller denominations
Bhadrachalam: In spite of tall claims by the government that there is no problem in people getting the currency of lower denomination; people in the Agency areas are still facing the problem.
Especially, small traders and common people are facing trouble with big notes. They are compelled to pay commission to the middlemen to obtain change for the big notes.
Demonetisation has been wreaking havoc in the lives of Agency people. After the note ban of Rs 1,000 and Rs 500 notes, the Central government had released new Rs 2,000 and Rs 500 notes. However, they were not released abundantly.
The Girijans of the Agency areas of Bhadradri-Kothagudem district are bearing the brunt of the note shortage. Even after the release of Rs 500 notes, the problem was not solved.
This turned out to be a boon for the middlemen who charge at least 10 per cent to change the big notes into small denominations.
As if this shortage was not enough, the rumour that Rs 10 coin was no longer valid making people tizzy. While nobody was willing to accept Rs 10 on some pretext or other, people who accept the coins were facing the problem to dispose them off.
At times, the banks were also not accepting the Rs 10 coins citing there no time to count them, said the sources. They further informed that some middlemen were making fast bucks by charging 10 per cent to change the big notes into small denominations.
The problem was more evident in towns like Bhadrachalam, Kothagudem, Palvancha, Manuguru, Sarapaka. It is said that two persons made a lot of money by charging 10 per cent commission for exchange of notes.
A trader here demanded that the Reserve Bank of India should take initiative to release Rs 100 and Rs 50 notes more in number to solve the problem. It is a regular feature in the buses to witness arguments between the conductor and the bus passengers over the small change, he noted.
T Ravi Prasad of Burgumpadu told The Hans India that there should be vigil over the charging of commission for exchange of notes. Meanwhile, SSR Sarma, a Bank Manager told The Hans India that it was not true that the banks were not accepting Rs 10 coins.
After the spread of rumours more and more traders and people were bringing Rs 10 coins to deposit in their accounts, he said, adding that at times when there was no time to count they were asked to come later.
Admitting that there was shortage of small change, the manager said the banks were issuing small denominations to solve the problem.
