India 65% ATM doesn't work, some villages reduced to change age-ATM-IT information

India "waste money" has been more than a month, but it seems that everything has not been able to get back on track.

India News site livemint, India 95% 200,000 ATM, China has readjusted to accept the new notes, but only 35% again of the new ATM to run. Banks are more likely to cash in its branches, instead of through an ATM machine. Four major metro cities (Bangalore, Delhi, Kolkata and Mumbai) ATM machines daily data shows that about half of the ATM machine is still facing "cash-strapped".

Goldman "India cancelled currency recorder" records a variety of high-frequency data to track "ghost notes" after India economic progress, including money supply, credit/savings, interest rates, real assets, premium, actual indicators of economic activity, prices, and capital flows.

Latest week's data shows that current ATM cash shortage is still very serious, Goldman Sachs warned that the cash shortage will continue to stimulate alternative payment methods, expand informal credit markets and even India return to changing times. In addition, economic activity has slowed markedly.

In fact, according to the CCTV report, due to less cash, India some villages have been returned to the "alternate" to its original state, some employers rely on distribution of rice and potatoes to appease workers back to work.

Judging from the economic data, November India composite PMI fell to 49.1, below 50 flourish line, down a record, economy into contraction.

On December 3, the MODI speech as "waste money order", saying that this is the need of curbing inflation. He also told its people that phenomenon of queues to change money will not last for a long time. But so far, at least, India is still a mess.

印度65% ATM不能用，部分村庄退化至以物换物时代 - ATM - IT资讯

印度“废钞”已经一个月有余，但似乎一切都还没能回到正轨。

据印度新闻网站livemint，印度中国20万个ATM中95%已重新调整至接受新纸币，但目前仅有35%重新调整后的ATM能够运行。银行更倾向于在其分行中提供现金，而不是通过ATM机。四个主要地铁城市（班加罗尔、新德里、加尔各答和孟买）的ATM机每日数据显示，大约一半的ATM机仍然面临着“现金短缺”。

高盛通过“印度取消货币记录仪”记录各种高频数据，来跟踪“废钞”之后印度经济情况的进展，包括货币供应、信贷/存款、利率、实体资产溢价、实际经济活动、价格指标和资本流动。

最新一周的数据显示，目前ATM现金紧缺仍然非常严重，高盛警告称，现金短缺将继续刺激替代的支付方式，扩张非正规信贷市场，甚至使印度倒退回以物换物时代。此外，经济活动已明显放缓。

事实上，据CCTV报道，由于换不到现金，印度一些村庄已经回到了“以物换物”的原始状态，部分雇主只能靠发放大米和土豆安抚工人继续干活。

从经济数据来看，11月印度综合PMI跌至49.1，跌破50枯荣线，跌幅创历史记录，经济陷入萎缩。

12月3日，莫迪发表讲话为“废钞令”辩护，称这是抑制通货膨胀的需要。他还告诉民众，为换钞出现的排长队现象不会持续很长时间。但至少到目前为止，印度仍是一片混乱。