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Thursday, September 19, 2013

Shortage of coins gets worse, causing frustration and loss

http://economictimes.indiatimes.com/opinion/editorial/shortage-of-coins-gets-worse-causing-frustration-and-loss/articleshow/22731659.cms

Indeed, RBI data showing that coins of 50 paise and 25 paise now only represent 17.5% of the total coins in circulation — down from 52% just three years ago — and have been supplanted by the Rs 1 coins also underlines the disappearance of the decimal point from price tags. The recent revelation by a Chennai trader of a daily loss of Rs 500 due to this paucity of coins adds another dimension to the cry for change that gets louder, the closer we get to the 2014 elections.

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