Banks’ cash supply creating problems for customers

The banks have failed to meet the surging demand for cash amid higher inflows of foreign exchange in Ramazan. It was also noted that dozens of automated teller machines (ATMs) were out of cash during the last two days as banks were not filling them up with the required cash. Currency dealers said the supply of cash from banks is either delayed or not provided when required. Banking customers were found annoyed due to the unavailability of cash. “The currency inflows in Ramazan are higher and we need higher cash to provide our customers but we have to make hard efforts to arrange cash,” said Exchange Companies Association of Pakistan General Secretary Zafar Paracha, adding that in the last days of the holy month, the demand for foreign currency or dollars generally reduces since outflows from the country come down, people don’t go out at this time while imports are also used to go slow.