RBI clarifies on designs of legal tender of Rs 10 coins

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SHILLONG: Concerned over the misinformation campaign, the RBI on Monday officially declared that public can continue to use Rs 10 coins and clarified on various designs in such coins.
In a statement issued to the media, the RBI office, Shillong in response to the follow up action taken by the State government, said that RBI has put into circulation coins minted by the Government of India with distinct features.
“The coins in new denominations to meet transaction needs of public and coins in new designs to reflect various themes – economic, social and cultural – are introduced from time to time”, the RBI said.
As coins remain in circulation for longer periods, it is quite possible that coins of different designs and even shapes are circulating at the same time, it said.
“One such change is introduction of ‘Rupee symbol’ in coins in July 2011. An instance of this is the Rs 10 coins with rupee symbol and the same denomination coin without rupee symbol. Both of them are legal tender and equally good for transactions, though they may look a little different”, the RBI said.
According to RBI, it has been reported that some less-informed or uninformed persons who suspect the genuineness of such coins are creating doubts in the minds of ordinary people including traders, shop-keepers, and others impeding the circulation of these coins in certain pockets of the country causing avoidable confusion.

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