Split and simplify the following sentence while retaining its full meaning: When investors withdrew their savings in panic , the bank ran out of cash and , as a result , had to issue low - denomination notes instead of gold for the next 24 years .
 Simplified version:
Investors panicked with their savings and the bank ran out of cash . As a result , for the next 24 years , instead of gold , notes had to be issued in small denominations .