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1.11 rupees comes to the rupees one rupee coin, reveals expenditure

Staff reporter, New Delhi
06/12/2018   0 Comments

In India, the value of coins has declined continuously for the past few decades. Now there are very few things that can be purchased from coins. Especially with low-value coins Everyone knows what the value of a coin is because it carries on itself. But have you ever wondered how much it costs to build coins? Can these costs be more than the value of the coin? To solve this puzzle related to the cost of coins, the Reserve Bank of India (RBI) under the Right to Information. We also wanted to know from RBI how much of the value of coins is currently available in India Being created by the government? How many such coins were made in the last 5 years?

Our questions are sent by RBI to all the mints in the country. It was replied by the Indian government mint, Mumbai that at the present time Rs 10, Rs 5, Rs 2 and Rs 1 are being molded in this mint. The answer was also given in the answer, in the last 5 years, the different values ??of coins were minted by the mint. However, this mint refused to give information on the coins coming up citing confidentiality. 

The same answer was given on behalf of this mint that at the moment, coins of four values ??are being imposed on him. And those coins are - 10 rupees, 5 rupees, 2 rupees and 1 rupee. Hyderabad mint also told that how many coins of different value were laid out in the last four years. Although this mint was not a cure for telling the cost of construction of coins like Mumbai mint. According to the Hyderabad Mint, the average cost for making 1 rupee coin is 1 rupee 11 paise. It is clear that the value of this coin is more than the cost.

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