Govt to Privatise Distribution to End the Glut of Coins
The India Government Mint has, for quite some time now, been witnessing a growing accumulation of coins that remain unlifted by the Reserve Bank of India (RBI) for circulation. Despite continued production, large volumes of these coins are lying in storage across various minting facilities, resulting in a significant and persistent buildup. The Currency and Coin (C&C) Division under the Ministry of Finance, along with the RBI, has repeatedly raised concerns regarding what they have termed a “reverse flow” of coins — a situation where coins manufactured in substantial volumes are not being transported onwards for circulation at the expected pace. This persistent mismatch between production and lifting has prompted the government to explore alternative strategies, including the possibility of engaging private entities to support coin distribution and transportation. These discussions stem from high annual indents combined with the slow pace at which coin consignments are currently be...