Wednesday, May 25, 2011

Coins with new rupee symbol to be issued from this July

Currency is some ways is the back bone of a country and if it gets adulterated then it cause serious harm to an economy. Increasing number of flake currency has been a constant worry for the government of India.

As an attempt to check the menace of flake currency the government is going to take some concrete steps. Finance Minister, Mr. Pranab Mukherjee has recently announced that certain changes will be brought in the production of bank notes to minimize the chances of the currency being forged.

He announced to start production of 80-85 percent of bank note paper in the country itself in next three years that presently is imported at a huge scale. He also announced the release of the coins with new rupee symbol on them in July this year.

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