Friday, July 25, 2014

Let's have one-coin-one-shape policy



We have only a few coins in circulation ie one rupee, two rupees, five rupees and ten rupees and unfortunately it is impossible particularly for blind persons to distinguish between one rupee and two rupee coins,Some times even one rupee and five rupee coins also look very similar, It is really not intellible why it is that difficult to produce coins of different denominations which can be distinctly different from one another. When the looks of human beings running into billions and billions are different from each other is it really a task for the Government to have these four denomination of coins to have different looks and designs so that public can feel the difference between each denomination by touch or by look. 

- Dr.T.V.Gpoalakrishnan

There are number of coins in single denomination, say Re 1/ or Rs 2/- and not only for the visually challenged persons but also for the old people - including some retired officers from RBI - it is all the more confusing. While the Govt & RBI are concerned about One-rank-One-pay it is high time that the policy of one-coin-one-shape was followed. Also shapes could be different like one anna, two annas, etc. in the 40's and 50's In US the 'quarter' which is in use in large numbers, the size has remained the same for quite sometime. 
- M A Srinivasan

I agree with TVG and MAS. Social groups representing the blind had taken up this issue earlier. Last few years, minting of coins was being done, perhaps, with making enough coins in the ‘market’ as the main objecive. Though rockets were being ‘indegenously’ produced, coins –from gold coins for sale to 50 paise coins- were being minted outside India. It is heartening to note that there are some moves to access expertise within the country. We live in eternal fear. If import duty is imposed on a commodity, we fear that commodity will be smuggled to India. If higher quality metal is used in coins, coins will be melted. Does this fear indicate less faith in law enforcement? Now that coins of value below one rupee are not much in use, taking care to make one rupee, two rupees, five rupees and ten rupees coins user-friendly should be easy. 
- M.G.Warrier

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