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  • RBI dispels rumours of fake Rs 10 coins in circulation

    Published on November 22, 2016

    fake-10

    New Delhi: Dispelling rumours of fake 10 rupees coin in circulation, RBI has asked people not to give credence to such canards and continue to accept these coins as legal tender in all their transactions without any hesitation.

    In a statement RBI said, it has advised members of the public not to give credence to such ill-informed notions and ignore them and continue to accept these coins as legal tender in all their transactions without any hesitation.

    According to RBI as coins remain in circulation for longer periods, it is quite possible that coins of different designs and even shapes are circulating at the same time one such change is introduction of ‘Rupee symbol’ in coins in July 2011, it said.

    An instance of this is the 10 rupee coin with rupee symbol and the same denomination coin without rupee symbol, it said, adding both of them are legal tender and equally good for transactions, though they may look a little different.