Arunachal: Shopkeepers Deny taking 10 Rupee Coins, SBI has No Clue

Story highlights

  • Shops in the Capital Complex are denying to accepting ten-rupee coins
  • Shopkeepers in Itanagar started refusing the coins just a few months after Prime Minister Narendra Modi’s televised pronouncement of demonetization in November 2016
  • The SBI is clueless, suggested to contact RBI to make people aware

People in Itanagar are facing problems in getting their Rs 10 coins accepted. Reportedly, shops in the Capital Complex are denying to accepting ten-rupee coins. Not only the shops but also, as per the sources, even the railway counters at Naharlagun are not accepting such coins from passengers.

What people have observed that the shopkeepers in Itanagar started refusing the coins just a few months after Prime Minister Narendra Modi’s televised pronouncement of demonetization in November 2016. Though there have been the reports from other states that a ‘particular’ type of 10 rupees coin is being denied by the retailers and vendors but even on that note, there have been no reports of boycotting the Rs 10 coins.

                          Also Read: Arunachal Pradesh to receive its own RBI branch soon

Also, it is reportedly being accepted in the neighbouring state of Assam. When the correspondent tried to dig out the reason and asked people about the coin-theory, one of the citizens of Itanagar said, “It is an unexplainable reason, the shopkeepers are not accepting ten-rupee coins and I don’t know why!”. When the shopkeepers were asked about the reason for the denial, one shopkeeper said, “No one is accepting ten-rupee coins here, so are we”.

One the issue, SBI has no clue. When the Itanagar branch State Bank of India Chief Manager B S Das contacted to throw some light on the issue,

he said, “There has been no such instruction or order from the Reserve Bank of India to not accept the particular denomination.”

Also, Mr. Das suggested that the regional office of Reserve Bank of India (RBI) in Guwahati could create awareness along with the district administration, such that they could revoke the practice that is doing rounds in the capital.

(News Input from Arunachal Times)

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