Amid Cash Crunch, a Man gets Rs 20,000 Currency in 10-Rupee Coins from a Delhi Bank

New Delhi, November 19, 2016: A PR professional, Imtiaz Alam after standing in the bank queue for four hours, his pockets finally got heavy, literally. The bank gave him Rs. 20,000 in 10 rupee coins, according to NDTV report.

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Mr Alam, on Friday, stood in line for four hours outside the Jamia Cooperative Bank to exchange his Rs. 500 and 1,000 notes. He was told by the manager that the funds were not sufficient and that he could only exchange Rs. 2,000. After Mr Alam explained to the manager that a larger amount is needed, he finally agreed, but said, he will get all money in 10 rupee coins.

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"Though I was concerned on how to carry it (the bag full of coins) but I gladly agreed… at least it is valid money,' Mr Alam said.

Mr Alam already used some of the coins for cab fares and restaurant bills.

The demonetization move was announced suddenly by Prime Minister Narendra Modi on November 8 in order to fight against black money and counterfeit notes.

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In the past 10 days, the government made several additional announcements to ease the crisis for people.

by NewsGram team