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RBI Bans Old ₹5 Coins: Here's Why This Major Decision Was Taken
Old ₹5 Coins Are No Longer Valid: If you have old, thick ₹5 coins, they are no longer in circulation. New ₹5 Coins Are in Use : The RBI has introduced thinner, golden-colored ₹5 coins that ...
Business Insider India5y
The RBI has a coin distribution problem - and it might be thinking about outsourcing the job to someone else
Amid an oversupply of coins, storage costs are getting unfeasible as the RBI is running out of space to keep them. As a result, the RBI is looking to outsource the distribution of coins to a ...
Business Insider India3y
RBI's digital currency to be revealed 'very shortly' – governor says issues are still being sorted out internally
Since the RBI does not have to print them, it saves on printing and material costs that are incurred for printing notes and minting coins. Additionally, since they are stored electronically ...