.......Either coins supplied by RBI remain accumulated or are distributed only in bulk in preference to retail customers or small businessmen, who are mostly in need. This would only aggravate the crisis and people in cities would only rush to RBI counters even more. Strangely, RBI has sought to restrict entry of customers on specious pleas creating panic about shortage of coins. Even the Finance Minister has recently said that “currency distribution is a key sovereign function and among the primary functions of a central bank. “It is also the most visible of its functions, as it touches directly and immensely the common person.” The unions also referred to complaints from members of public with regard to supply bottlenecks. Unscrupulous people are already taking full advantage. If the RBI were to totally withdraw from the scene, it would only sound out racketeers who would be emboldened to carry in with their nefarious activity. This could lead currency management to anarchy, the unions said.
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