...........With no RBI vans coming to markets to deliver smaller denominations, the business of small-time brokers is getting bigger and they are charging between 10% and 15% for the change. The situation is so bad that long queues of people waiting to get change from RBI counters have become a common sight. “You go and waste your time in queues or you get it from the broker. We don’t waste time, so we go for the latter,” said another businessman in Chaura Rasta market. As a result, people have become a suffered lot, who on several occasions have to either make a forced buying or forgo a balance of Re1 or Rs2 coin with an assurance from shopkeepers that they will settle it next time. Notably, withdrawing the distribution of notes and coins and plans to let the selected counters of various banks handle this, is part of the RBI’s policy. “RBI officials are unwilling to carry out this responsibility. They think it can be done through authorised brokers and banks,” said a source.................
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