ACUTE SHORTAGE OF TEN RUPEES NOTES STEPHEN DIAS SOCIAL ACTIVIST 9422443110 BAY VIEW DONA PAULA 5TH AUGUST 2023
THE reluctance of the RBI to print ten rupees notes which is used by the common men in a big way is uncalled for. It may be stressed that the common men use in a big way this denomination for their daily purchased for necessary items which cost just ten rupees each or less or has to be given as change. It should also to be noted that the ten rupees coin which is being minted although lasting may eventually go out of circulation if the value of the metal used to mint this coin eventually becomes more than ten rupees it is worth thus leading to the fact that has occurred before that that these coins are melted so that the metal value is made use of this action by the people who melt it cannot be curbed and thus the ten rupee coin which is quite heavy weighing grammes could shortly be worth more for the metal used than ten rupees and hence go out of circulation. Also the higher the number of coins of Rs. Ten minted, the higher will be the shortage if melted for the value of the metal. The RBI should print Rs. 10/- notes to avoid this acute shortage of Rs. 10/- notes that is presently in circulation causing great inconvenience to the common men. Banks of all states and Union Territories in India should be immediately be replenished with Rs 10/- notes to streamline its circulation, and replace torn and soiled notes. END