CHENNAI: While the Rs 10 coin has been a problem till now, the demands for it are increasing again.
In 2009, the Central Reserve Bank introduced 10 rupee coins. Since then, the credibility of the ten rupee coin has remained in question. The reason is that due to frequent rumours, shopkeepers, merchants, banks and other places refuse to buy them…
Mainly bus, conductors, shopkeepers, people are complaining that they are refusing to buy ten rupee coins in some banks.. Tamilnadu state level bankers group officials consulted in this regard..
workers: At that time, they asked the state government to instruct the employees of the State Transport Corporation to buy ten rupee coins and put up posters in this regard on the buses.
Similarly, bank employees should buy coins from customers without any objection. A notice to this effect should also be pasted in the banks. Banks should take all steps to ensure that the Rs 10 coin continues to circulate in the market as before.. Also, all banks should jointly publish advertisements.
10 Rupee Coin: However, is the 10 rupee coin valid? The confusion is persisting among the people. Shopkeepers also occasionally mention some practical issues with this.
Shopkeepers get Rs 10 coins from public, but they face the problem of going to the bank and exchanging it.. In banks, they can pay those coins to their own bank account only after standing in line and filling the form.. Mostly, they say they refuse to buy the coins. Hence, the Rs 10 coin still remains an unsolved problem in some places.
Even now, in Madurai and Dindigul districts, there are complaints again that buses and some commercial establishments are refusing to buy Rs.10 coins.
Currencies: A few weeks ago, Ramanathapuram District Collector Vishnushandran had warned that action would be taken against those who refused to buy the Rs.10 coin and they would be jailed for 3 years. But the same problem is still persisting in Madurai, Dindigul, Theni, Ramanathapuram, Sivagangai and Virudhunagar districts.
Therefore, demands have been made that severe punishment should be given to those who refuse to buy the 10 rupee coin and people should be made aware in this regard.