he problem of change for free exchange in transactions is perennial and
despite best of efforts from the RBI, no solution is found.One way of
solving this issue perhaps is to consider having coin taking/ buying
machines in all malls and major hotels where people frequently gather
and spend their money and time. In every house, there is accumulation of
coins irrespective of its family members financial position and these
coins can be deposited in coin accepting machines against a receipt.
This receipt can be exchanged for goods and services there itself.Such
arrangements are found and very common in some advanced nations.Nothing
wrong if RBI considers such move to tackle the problem of shortage of
coins.
Dr.T.V.Gopalakrishnan
( This is in response to write up Traders feel shortage of small coins appeared in The Hindu dated 5/4/13)
Dr.T.V.Gopalakrishnan
( This is in response to write up Traders feel shortage of small coins appeared in The Hindu dated 5/4/13)
No comments:
Post a Comment