10 rs coin banned
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Are you worried about the Rs 10 coin lying around in your pocket, which your neighbourhood vendor has again declined to accept? India’s apex bank RBI may soon give you a personal phone call to inform you that you need not fret. Those coins are still very much a legal tender and perfectly acceptable. Perturbed about the rumours flying on the social media about Rs 10 coins no longer being valid, India’s central bank has taken a novel step to reach out to people to tell them that nothing of the sort is true.
The second design featured two horizontal lines. The coin featured the lettering “भारत” and “INDIA” on the top, with Lion Capital in the middle and year of printing at bottom on the obverse. The reverse of the coin featured 15 notches and numeral 10 in the middle and at below line the word Rupees in English and रुपये in Hindi was written. [3] [4]
This coin is rumored to be a fake one due to chaos on social media. However, the Reserve Bank of India (RBI) issued an official statement to address these rumors declaring that the old the design prior to 2011 is valid and is legal tender. [5]
“Passengers do not want the Rs 10 coin. I try to reason with them but to no avail,” said Anurag Yadav, who drives an auto rickshaw in Delhi.
The Reserve Bank of India on Tuesday said the Rs 10 coin was very much in circulation and those refusing to accept it could face legal action, setting to rest rumours that the coin was banned.
Accepted without a problem
‘Got a note instead?’
RBI
Recently, fake news about Rs. 10 coins made waves on social media and WhatsApp that claimed an enormous number of fake coins had been dispensed in the market by Pakistani agency ISI. As anyone would expect it, this rumor fired a fury in the market, and the shopkeepers and vendors started to refuse the ₹ ten coins in the transaction. The condition went so worse that RBI had to come forward to issue a statement regarding this.
References:
http://en.m.wikipedia.org/wiki/Indian_10-rupee_coin
http://m.hindustantimes.com/business-news/rs-10-coin-is-valid-use-it-freely-says-rbi/story-NmJSkYK3ALym6uFetlV2SP.html
http://www.deccanherald.com/metrolife/metrolife-your-bond-with-bengaluru/10-rupee-coins-are-still-refused-by-many-743538.html
http://educationbhaskar.com/news/rs-10-coins-fake-banned/4634/
http://en.m.wikipedia.org/wiki/Indian_10-rupee_coin