All 14 types of ₹10 coin are valid, legal tender, says RBI | Current Affairs, Current Affairs 2019

All 14 types of ₹10 coin are valid, legal tender, says RBI

Posted by
Subscribe for News Feed

All the 14 designs of ₹10 coin are valid and legal tender for transactions, the Reserve Bank said that amid reluctance by certain traders to accept the coins.
“It has come to the notice of the Reserve Bank that in certain places there is reluctance on part of traders and members of public to accept ₹10 coins due to suspicion about their genuineness,” the RBI said while reiterating legal tender status of the coins of different designs. In a statement, the central bank clarified that it puts into circulation the coins minted by government mints.
These coins, it further said, have distinctive features to reflect various themes of economic, social and cultural values and are introduced from time to time. “As coins have a longer life, coins of different designs and shapes circulate in the market at the same time,” the notification added.

Subscribe for News Feed

Leave a Reply

Your email address will not be published. Required fields are marked *