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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Old ₹5 Coins Are No Longer Valid: If you have old, thick ₹5 coins, they are no longer in circulation.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 ...
The Pioneer1dOpinion
Streamline currency and coinage system to reduce confusion
The circulation of coins in multiple sizes creates considerable confusion. Implementing a standardised approach to currency ...
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 ...
Deccan Herald1mon
Mangaluru man loses Rs 58.26 lakh to online fraud while attempting to sell old coins
Having 15 old coins, he contacted the WhatsApp number in ... the coins for Rs 49 lakh but required an initial Rs 750 for RBI registration.
Digit29d
Mangaluru man loses Rs 58 lakh while trying to sell old coins online: How the scam unfolded
Imagine scrolling through Facebook, coming across an ad that promises to buy your old coins for a great price ... and even an RBI notice. Trusting that these payments were necessary, the victim ...
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 ...