An altogether new series of currency notes in different denominations should be issued, but in small sizes, to save heavy cost on printing of currency. Sizes of currency notes were last time reduced about half a century ago when notes of Rs.1, 2 and 5 were quite common in circulation. With coins in the denomination of Rs.10 already introduced, the Reserve Bank of India should now discontinue printing notes of these denominations like it has been done in the case of notes of Rs. 1, 2 and 5. Since the life of lower-denomination notes is quite low, it is senseless to waste public money on printing lower-denomination notes of up to Rs 10. Notes in a new denomination of Rs. 200 can also be introduced.
- Madhu Agrawal, Dariba, Delhi
No comments:
Post a Comment