Monday, February 13, 2012

Scarcity haunts smaller denomination currencies in state

INDORE: Disappearance of currencies belonging to small denominations like Re 1, Rs 2 & Rs 5, from the state has opened up a host of problems for businessmen, especially small-time traders and commonman together. While the Reserve Bank of India (RBI) has stopped printing of banknotes of small denominations from Re 1 to Rs 5, the scarcity still persists despite adequate minting of coins of the small denominations. Again, certain coins are allegedly being used by local small time jewellers for casting them in the jewelleries and it may be a reason behind the lack of such currencies……….

Read..............

No comments: