Are Rs 10 coins fake? RBI dispels rumours

The RBI rubbished rumours that Rs 10 coins are fake or duplicate

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New Delhi, Nov 21: Seeking to dispel rumours making the rounds, the Reserve Bank of India (RBI) asked people to accept Rs 10 coins without any doubt.

The RBI rubbished rumours that Rs 10 coins are fake or duplicate.

Coins

There are rumours, especially across Northeast India, that Rs 10 coins are not genuine currency and customers should not accept them.

On people refusing to accept Rs 10 coins, United Bank of India's (UBI) Chief Regional Manager and Deputy General Manager Mahendra Dohare said that people should accept the coins as these are not at all fake or duplicate.

[Also Read: Demonetisation: Finance ministry clueless about exact amount of black money]

"The RBI has also asked the people to accept the coins without any doubt," he added.

It's been 13 days since Prime Minister Narendra Modi announced the withdrawal of Rs 500 and Rs 1,000 notes on November 8.

[Also Read: Demonetisation: India is going to face serious recession, predicts economist Prabhat Patnaik]

However, the people in northeast India are still reeling under a cash crunch as banks and ATM kiosks don't have enough cash to dispense.

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