Stock up the 10- rupee currency notes as they are to become a collector’s item, though only in the distant future as the Reserve Bank of India ( RBI) has decided to gradually replace them with coins that last much longer than the paper currency and hence cost- effective. Minister of State for Finance Namo Narain Meena disclosed this in the Lok Sabha on Friday, saying the currency notes have a life span of “ just eight to nine months” and hence RBI plans to gradually replace them with coins. He, however, declined to set a deadline for the end of the 10- rupee notes era, pointing out that speed of the replacement depends on the capacity of the mints to supply the coins..........
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