Rumours of Fake 10 Rupee Coins in Circulation dismissed by RBI

124

INEW DELHI:  The Reserve Bank of India (RBI) thrashing out the rumours of fake Rs. 10 coins in circulation asked people not to give attention to such rumours and continue to accept these coins as legal tender in all their transactions without any hesitation.

According to the reports some people who are less-informed or uninformed, suspect the genuineness of such coins are doing the round with these rumours and creating doubts in the minds of ordinary people including traders, shopkeepers, etc, impeding the circulation of these coins in certain pockets of the country causing avoidable confusion, RBI said in a statement.

“The members of the public have been advised not to give credence to such ill-informed notions and ignore them and continue to accept these coins as legal tender in all their transactions without any hesitation by the Reserve Bank of India,” RBI further said.

As reported by the RBI it is quite possible that coins of different designs and even shapes are circulating at the same time as coins remain in circulation for longer periods.

One such change is presentation of ‘Rupee image’ in coins in July 2011, it said.

An example of this is the Rs. 10 coin with rupee image and a similar division coin without rupee image, it said, adding both of them, the two are lawful delicate and similarly useful for exchanges, however they may look somewhat changed.

RBI further said that it puts into dissemination coins stamped by the Government of India and these have unmistakable elements.

Coins in new categories to address exchange issues of open and coins in new plans to reflect different subjects – monetary, social and social – are acquainted from time with time, it included.