RBI (Reserve Bank Of India) Sets The Record Straight. All Rs 10 Coins Are Valid
Thursday, January 18, 2018 IST
Amid the reluctance on part of traders and members of public to accept Rs 10 coins due to suspicion about their genuineness, the Reserve Bank of India (RBI) has reiterated its stand on Wednesday by issuing a press release. "It is clarified that the Reserve Bank puts into circulation, the coins minted by mints, which are under the Government of India. These coins have distinctive features to reflect various themes of economic, social and cultural values and are introduced from time to time," said RBI in a statement.
The central bank clarifies that since currency coins have longer life, so coins of different designs and shapes circulate in the market at the same time. So far the Reserve Bank has issued Rs 10 coins in 14 designs and the public has been informed of their distinctive features. All these coins are legal tender and can be accepted for transactions.
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