Army Roped in to Help RBI With Disposal of Demonetised Notes
Two army teams have already been working with the RBI since demonetisation was announced.
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Fifteen teams of the Army will be deployed in key offices of the Reserve Bank of India (RBI) by Thursday to beef up security. The teams will help the central bank to speed up disposal of demonetised currencies with currency verification and processing system (CVPS) machines.
Sources in the army said that its personnel will basically be responsible for ensuring adequate security so that the process to dispose of the demonetised notes can be expedited.
Two teams of the Army have been assisting the RBI since the demonetisation policy was implemented on 8 November last year. The move imposed a ban on the circulation of Rs 500 and Rs 1000 notes, with subsequent circulation of Rs 2000 notes that were printed to balance the cash flow.
(With inputs from PTI and ANI.)
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