Hyderabad: The demonetisation move seems to have deprived Hyderabadis of their favourite plate of
biryani. According to members of the Telangana Hotels’ Association, many outlets like Sarvi and Pista House have stopped accepting currency notes of Rs 500 and Rs 1,000. They also do not have change for the new Rs 2,000 note.
"Customers are coming with Rs 2,000 note.
From where do we arrange change? Our business has been terribly hit by this currency ban," said VS Raju, a member of the association.
According to the association members, business has dropped by as much as 40 %, and they fear that a few restaurants would have to down their shutters if the cash crunch continues.
“Only hotels which have a swipe machine are surviving this crisis. Smaller eateries are struggling to keep their businesses afloat. Some members have told us that if this continues they will soon have to close their business,” said Venkat Reddy, a restaurateur and member of the association.