Production of Rs 10 coins Halted Temporarily on Adequate Stocks

The production of Rs 10 coins has been temporarily halted due to sufficient stocks, as indicated by the Government in a response to the Lok Sabha.


In a written reply dated February 2 and made available today, the Minister of Finance, Shri Arun Jaitley, emphasized that there is no intention to cease the production of coins. He stated, "The production of Rs 10 coins has been halted temporarily as adequate stocks are available." Furthermore, he underscored that there is no discernible decline in the demand for coins in the country.

While assuring the continued availability of coins to meet public demand, the minister highlighted the existence of ample coin stocks. Additionally, Shri Arun Jaitley conveyed that the Reserve Bank of India (RBI) and banks are actively implementing all necessary measures to ensure the accessibility of coins to the public. This includes distribution through counters and 'coin melas,' special events organized specifically for coin distribution. The government is committed to managing the coin supply efficiently, addressing any temporary halts in production, and maintaining a smooth flow of coins in the market.

Comments

Popular posts from this blog

PM Modi Releases ₹100 Coin on 2550th Bhagwan Mahaveer Nirvan Mahotsav

New Commemorative Coin: 90 Years of Reserve Bank of India

RBI Coin Sets Now Available at India Govt Mint's Delhi Counter