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Today Date : Sunday, December 03, 2023

Will the Rs.10 coin get back its right value?

Will the Rs.10 coin get back its right value?

Rumors spread on social media that the Rs 10 coin was fake due to its various designs. It was also said that the 10 rupees coin is invalid. People have believed this rumour for years and because of this, everywhere from small business shopkeepers, traders to bus operators refuse to accept Rs 10 coins. Due to this, the public is also reluctant to acquire and keep ten rupee coins.
In order to put an end to rumours, RBI took various decisions such as instructing the state government to buy Rs.10 coins from the transport employees, putting up awareness posters about this, publishing advertisements through all banks. No matter how much awareness is done, there was no result.
It is in this situation that Ramanathapuram District Collector has twirled the whip. It is commendable that they have created extreme awareness by announcing that if anyonerefuse to buy 10 rupees they will get 3 years imprisonment.
So if the traders or bus conductors or anyone else refuses to buy the 10 rupee coin, the consumers should come forward to complain immediately. 
Only then will there be a permanent solution to this problem. If you get a jail sentence in four or five cases... you don't even need to wait for the jail sentence, you just have to file a complaint and get the right value for the 10 rupees coin.
Therefore, similar notifications should be issued by other District Collectors. 
Not stopping with the notification, follow-up actions should be taken on it.It is no exaggeration to say that the currency issued by the Reserve Bank becoming invalid and worthless is a shame for the country on the world stage.
Let the Rs 10 coin become a currency and circulate like other coins. The Collector of Ramanathapuram tied a bell to the cat.
Let the bell ring all over the country so that the 10 rupee coin gets its due value and respect!