Th.Ranjit
Imphal, Aug 25: The released of ‘ 1.5 crore worth coins of different denominations of ‘ 1, ‘ 2 and ‘ 5 recently bythe SBI to the public is a welcome step. With this good gesture of SBI, thepublic feels that the scarcity of coins in day-to-day monetary transactions at hotels, stationeries, groceries, vegetable markets, paandukans, etc.will be over. But,on the contrary, though the release of coins is hardly 10 days, there is no improvement in the situation of coin problems in the city.
The purpose of SBI to keep the circulation of coins going seems to be thwarted by traders of coins, who earn hefty interest of 20% through exchange of coins with notes from the public.
Until and unless these particular traders engaging in coins business are booked and controlled, public will continue to suffer for long, and even SBI pours crores of rupees there will be no much benefit to the general public.In this regards,the attention of the concernedauthorities are drawn for early solution.
Read more / Original news source: http://manipur-mail.com/check-the-money-lenders-of-coins-check-the-coin-traders/
