RBI's Efforts to Stop Currency Rumors
Meanwhile, the Reserve Bank of India has been constantly creating awareness among the citizens about the proper identification of currency and false rumors about coins. To do so, the RBI has sent WhatsApp messages along with a short awareness video. The motive behind all these measures is to minimize confusion and miscommunication among the people about which coins are valid.
All Coins, Including 50 Paise, Remain Legal Tender
The RBI in its WhatsApp message explains that though designs may vary for coins, yet all the coins issued continue to be in circulation. There is no restriction on coin usage from 50 paise onwards to ₹20. The RBI confirms that none of these category coins has been demonetised. It advises the public not to believe rumours and encourages everyone to use coins with no hesitation.
The RBI has also urged traders to confidently accept coins, including the ₹10 coin that mostly faces rejection. It further clarifies that the 50 paise coin, though rarely seen, is very much valid and acceptable for transactions.
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