Sunday, 7 May 2017

Rs. 10 coin looses its shine.

Image result for rs. 10 coin

Small shopkeepers are not willing to take coins.

Several hawkers, auto-rickshaw drivers, shopkeepers and small traders are sharing a common event, their is a sudden inflow of Rs. 10 coins for almost every transaction made. But when they try to exchange the same with them, they simply turn down the change offered.
Even after Reserve Bank of India announcing that Rs. 10 coin continues to be a legal tender, a majority of people are reluctant to transact, exchanging coins. 
Banks find themselves in a difficult situation as their are a huge deposits of Rs. 10 coins in the resent months. However, people are reluctant to accept the small denomination coins in exchange when banks make payments.


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