What is the relevance of a Rs.5/- Note & a Coin both being in circulation?

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What is the relevance of a Rs.5/- Note & a Coin both being in circulation?

2006-11-07 00:22:11 · 3 answers · asked by Pancham 2 in Politics & Government ➔ Government

3 answers

They want to discontinue with the printing of Rs. currency and switch over to coins. It is in the transition stage. The old currencies, until weeded out after getting sullied completely, will be in circulation, along side the coins.

2006-11-09 22:34:13 · answer #1 · answered by Anonymous · 0⤊ 0⤋

well, i think the Rs.5 note is outdated, but is still used as its circulation was not fully revoked
most people use the coin, and many vendors/customers will accept ONLY the coin

2006-11-07 12:40:07 · answer #2 · answered by sushobhan 6 · 0⤊ 0⤋

PEOPLE HOLD THE NOTE OF SMALL DENOMINATION THAT CREATE SHORTAGE OF NOTE THAT IS REASON COIN OF RS. 5/- REPLACING THE NOTE

2006-11-07 11:48:27 · answer #3 · answered by RAMAN IOBIAN 7 · 0⤊ 0⤋