NEW COINS IN INDIA

NEW COINS



New-designed coins are issued in denominations of rupees 1, 2 and 5 all now in same metal of stainless steel. But embossing on these new coins is very dim and dull as compared to earlier coins where embossing was sharp and attractive. Moreover design of coins of rupees one and two is same with size only marginally different. All these faulty features cause difficulty to public.



Wide publicity was done for two-coloured coins designed by National Institute of Design Ahmadabad. But inferior-quality coins are induced in circulation. It is better to save on coin-minting by discontinuing minting of coins in denominations of 10 and 25 paise, and to reduce sizes of coins in other denominations. It may be recalled that size of present 10-paise coins was likewise reduced to that of earlier 1-piase coins. Best is to have coins in denominations of rupees 1, 5 and 10 only with reduced sizes thereby discontinuing minting of 2-rupees coins and replacing 10-rupees notes by coins of similar denomination to save high cost of printing notes paving way to reduce sizes of notes of other denominations.



MADHU AGRAWAL

(Guinness Record Holder for letters in Newspapers)

1775 Kucha Lattushah

Dariba DELHI 110006 (India)