Rs 1 Coin Production Cost Exceeds Its Value – What About Rs 2, Rs 5 And Rs 10 Coins
It costs more than its value to mint a Rs 1 coin, with production costing Rs 1.11. However, higher denominations like Rs 2, ...
The Pioneer7dOpinion
Streamline currency and coinage system to reduce confusion
The circulation of coins in multiple sizes creates considerable confusion. Implementing a standardised approach to currency ...
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As Trump fires the penny, here's how India's one-rupee coin is holding up
US President Donald Trump has ordered a halt to the minting of pennies, the coins denoting a cent of the dollar, over high ...
Wall Street Journal6y
The Money Nobody Wants
The problem stems from the large variety of 10-rupee coins in circulation. More than 5 billion coins, worth over $775 million, have been minted since 2010. Rs. 10 coin have been issued both with ...