Indian Air Force's heavy transport planes to ferry fresh notes to ease cash crunch
IAF's heavy transport aircrafts like C-130J Super Hercules and C-17 Globemaster have already completed 15 sorties in the last one-week carrying freshly printed notes to RBI's distant regional centres.
In Short
- Indian Air force roped in to ferry cash from Indore.
- IAF' Super Hercules, Globemaster have flown 15 sorties in last 1 week.
- Currency normally moved by road or rail.
In an attempt to ease the cash crunch from which the banking system is suffering after Prime Minister Narendra Modi announced the demonetisation of Rs 500 and Rs 1000 notes on November 8, the Indian Air force has now been roped in to ferry cash.
Heavy transport aircraft of the Indian Air Force (IAF)--the US-made C-130J Super Hercules and C-17 Globemaster have already completed 15 sorties in the last one-week carrying freshly printed notes from mints to distant regional centres of the Reserve Bank of India.
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AIR ROUTE ONLY FOR FAR FLUNG AREAS
India Today has accessed the pictures of the IAF plane taking off from the Devi Ahilya Airport in Indore for one such sortie on Wednesday. The freshly printed notes were brought to Indore by road from the Dewas Mint Press, a top Airport Official told India Today on condition of anonymity.
Under normal circumstances currency is moved by road and rail and the air route is taken only for far flung areas that are not connected by either of the two.
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