Monday, July 11, 2011

25 paise : Now Indian Can't Buy Anything.

25 Paisa - you can buy something that is not the name of the currency anymore.The Chavanne, who was doomed anyway, anywhere in the official collector item.The to gradually reduce the value of the nominal value (they actually exist?). First in July 2011 was the last day you can actually change them in banks or RBI.

". Notional 25 Paisa coins and loses legal tender with effect from 30 June 2011 They do not qualify for exchange offices from 1 July 2011 and beyond," the RBI recently.December 2010, a decision to withdraw them from circulation coin in June 30 No one cares really - a lot of the previous quarter, inflation was not killed by the RBI to complain about non-acceptance of coins everywhere, including boutiques, shops, businesses, public services and public organizations, and even brought to the notice of state departments.This up, and circulation of legal tender coin.

In the past, 1, 2, 3 and 5 Paisa currency value of the coins already demonetised.The with 25 Paisa coin, weighing 2.83 ounces, the ferritic stainless steel.The RBI states tat the cost-benefit considerations led to the slow phase 1, the second and 3 Paisa coins 1970s.Stainless steel coins of 10, 25 and 50 Paisa, was introduced in 1988 and one rupee 1992nd

Chavvani nostalgia suddenly hot Twitter yesterday. "Good-bye, 25 Paisa. You are a remnant of a time when things were simple, and you meant nothing," Anirudh Atyanand tweeted. "RIP-25 Paisa u are the one who gave me sweets!" Wrote a lot of good memories Nishan.I twenty-fifth Pais. Until 2007, it used to be my pocket money. In the mid 80's, I used to buy Milan supari ... It used to cost only 10 Paisa, so I used to buy two, and even save 5 paisa. Then another memory to buy chewing gum in the NP, which had a yellow pack and price 25 paise.There are some for whom it means anything from 25 Paisa
But the Jain community is still holding its spirit. "Our community, every auspicious occasion, we Puja thali Rs 1.25. Each family keeps a good supply of 25 Paisa coins because we continue to use them. These coins more expensive than some other names," said Hemanth Kumar, vice president, Madras Coin Society.

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