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Home » Economy » IAF pulled in for help to quickly deliver newly printed notes

IAF pulled in for help to quickly deliver newly printed notes

By Newsd
Updated on :

The Indian Air Force has airlifted over 160 tonnes of new currency notes from four printing presses to various parts of the country to cut down the time taken to transport cash from the source to main distribution centres to meet the surge in demand post demonetisation, reports PTI.

The Heavy transport aircraft of the Indian Air Force (IAF) – the US-made C-130J Super Hercules, has flown about 15 sorties in the last one-week carrying freshly printed notes from mints to distant regional centres of the Reserve Bank of India.

“Helicopters were already used for transporting cash to some remote areas of the Northeast. But the use of transport aircraft is a new thing,” a source told PTI.

Normally, currency is moved by a combination of road and rail links. And, places which aren’t connected by either roads or rail link, like far flung areas of the North East, currency is moved by air.

Sources, without going into details of how much money had been moved in the IAF planes, said the IAF lifted freshly printed currency notes from security printing presses in Nasik, Mysore, Indore and Salboni (West Bengal). The new currency was airlifted to Chandigarh, Trivandrum and Shillong–covering a wide geographical spread in the sub-continent, among other places, reported Huffington Post.

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