Wednesday, March 28, 2012

Two sides of a tinkling coin story

THIRUVANANTHAPURAM: Saving a penny for the future is not only a wise man’s counsel but for the Reserve Bank of India also, on a different scale. But when the state is reeling under acute coin shortage, the RBI Regional Office here has created a record of sorts by holding Rs 29.04 crore worth of coins of various denominations as on December 1, 2011. In a startling disclosure, forced through the RTI filed at the Department of Currency Management, RBI Central Office, Mumbai, it has come to light that the RBI Regional Office has kept more than 80pc of the coin stocks under its custody from January-November, 2011. The information availed of by the Right to Information Protection Forum (RIPF) shows that though coins …………
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