Thursday, September 6, 2012

Dearth of coins: Fact or fallacy?

....The RBI has identified “distribution” and “delivery” as the constraints leading to shortage of coins and currency notes across markets in the country. “We have identified that distribution is an issue in this respect even as the last mile delivery has also been a problem,” the RBI Deputy Governor said. Distribution of coins and currency notes across six lakh villages in the country is not an easy task and it depends on the network available. “Even banks do not have such a network”, the RBI official said......

Read - The Shillong Times

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