GUWAHATI, May 9: To meet the shortage of coins of small denominations in the city, the Reserve Bank of India (RBI) has told the banks to install coin vending machines in the city. M Hussain, branch manager of the SBI’s Currency Administration Branch, said that the SBI had already a coin vending machine in place at one of its branches in the city and had decided to install four more such machines at Vishal Mega Mart, Big Bazaar, Pantaloons and Guwahati Railway Station. Sources said that the RBI had been taking measures to ensure that adequate number of banknotes and coins are put in circulation so as to cater to the needs of people over a huge geographical area. So, in that connection, the RBI had already installed coin vending machines in other parts of the country to facilitate easy disbursement of coins to the people, added the sources. Assam along with the rest of the country has been facing a shortage of circulating coins for the last few years. This coin shortage has been brought about by a combination of several factors. Reasons such as: once much used notes of 1, 2 and 5 rupees are no longer issued and thirdly, it is quite possible that too many people are holding on to too many coins.
The Sentilel Assam
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