TODAY -
RBI to address Manipur's small denomination
- Times of India -
TNN | Mar 24, 2011, 11.28pm IST
The Reserve Bank of India (RBI) has promised to resolve the acute shortage of small denomination and coins in Manipur. The state's economy has been hit by the crisis and people have to settle for chewing gums or match boxes in return for an amount between Re 1 to Rs 5. It is also not difficult to find women coin vendors' selling coins at places like Khwairamband Bazaar in Imphal.
RBI executive director DK Mohanty took note of the issue at a press meet at Ukhrul town on Monday and said he would take steps to ensure the smaller denomination shortage gripping Manipur was resolved.
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** This Post is uploaded on March 25, 2011.
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