RBI Dispels Rumours Around Fake Rs 10 Coins, Calls it Legal Tender

The Reserve Bank of India has asked people not to believe rumours of fake Rs 10 coins. (Photo: iStock)

Dispelling rumours of fake Rs 10 coin in circulation, the Reserve Bank of India (RBI) on Monday 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.

It has been reported that some uninformed persons, who suspect the genuineness of such coins, are creating doubts in the minds of ordinary people, including traders, shopkeepers, etc, impeding the circulation of these coins in certain pockets of the country causing avoidable confusion, RBI said in a statement.

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“The Reserve Bank 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,” it said.

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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.

It further said RBI puts into circulation coins minted by the Government of India and these have distinctive features.

Coins in new denominations to meet transaction needs of public and coins in new designs to reflect various themes – economic, social and cultural – are introduced from time to time, it added.