A sum of Rs 2,420 crore arrived in two special aircraft chartered by the Andhra Pradesh government today even as Chief Minister N Chandrababu Naidu announced that the currency scarcity in the state would end by this evening. An official release said the Chief Minister carried out an exercise the whole of last night to ease the cash scarcity and, as a result, the RBI immediately released Rs 2,420 crore. The Chief Minister constantly monitored the exercise with officials till the cash reached the banks safely,” the release added. The RBI Governor promised to send Rs 2,500 crore to Andhra Pradesh at once. Accordingly, Rs 2,420 crore reached the state today.

Source: Indian Express December 02, 2016 13:23 UTC