Union Finance Minister Arun Jaitley on Tuesday called the cash crunch in the country as a ‘temporary shortage’ and assured that the situation is being tackled quickly.

“Have reviewed the currency situation in the country. Over all there is more than adequate currency in circulation and also available with the banks. The temporary shortage caused by ‘sudden and unusual increase’ in some areas is being tackled quickly,” the Finance Minister wrote on Twitter.

“We have cash currency of Rs. 1,25,000 crores right now. There is one problem that some states have less currency and others have more. The government has formed state-wise committee and RBI also formed committee to transfer currency from one state to other. It will be done in three days,” Shiv Pratap Shukla, Minister of State for Finance told ANI.