It refers to shocking announcement coming from Coin and Currency Division of Department of Economic Affairs (Union Finance Ministry) about double-coloured 12-edged polygon dodecagon-shaped 20-rupee coins with diameter of 27 millimetres. Decision comes at a time when general people are not at all comfortable with prevailing 10-rupee coins already in circulation for last so many years. Frequent reports of unacceptability of these 10-ruppe coins has even led Reserve Bank of India RBI issuing warning for legal action against those not accepting 10-rupee coins.
It is beyond understanding who at Union Finance Ministry takes such unwise decisions like the present one of issuing heavy twenty-rupee coins. Otherwise also, system must be to issue either currency-note or coin of a particular denomination. Only recently RBI announced issue of new-designed smaller-sized currency-notes in remaining denomination of rupees twenty.
Since life of smaller-denomination currency-notes is less in comparison to those in higher denominations, plastic currency already successful in many other countries, should be issued to start with notes in denominations of rupees 10 and 20 with minting of coins in these denominations stopped immediately.
MADHU AGRAWAL