More change as Rs 10 note gives way to coin
..............."At some point, as and when the demand determines, we will withdraw the Rs 10 note just like the Rs 5 note," said RBI Governor D Subbarao. "But the trouble is banks don't want to lift the Rs 10 coins. Banks say people prefer Rs 10 notes, so they are still in circulation. There is a shortage of capacity in the mint and the RBI's priority is for lower denomination coins, which is what poor people use. We saw the same resistance when Re 1 notes were withdrawn in the early '90s," he explained. ...............
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