Mysuru: Even after Reserve Bank of India (RBI) announcing and also clarifying that Rs. 10 coin is a legal tender, a majority of people, especially businessmen in city, are reluctant to transact and exchange coins. Sorting out arguments between customers and vendors has become a daily feature at markets and shops.
In a letter to Star of Mysore, reader and Secretary of Senior Citizens Forum (Rajarajeshwarinagar) R.M. Chetty said that the business community was still apprehensive about accepting Rs. 10 coins. It is a herculean task for a Rs. 10 coin holder to convince shopkeepers, vendors and bus conductors not to turn them down when exchanged for a payment, he has stated.
Most of the shopkeepers on Ashoka Road, K.R. Circle, Sayyaji Rao Road, Old Bank Road, Devaraja Market and City Bus Stand are not accepting the coins, making it very difficult for the coin holders to tender change, he has stated.
The Senior Citizens Forum has urged the Lead Bank authorities to intervene and regularise the transaction by conducting a series of awareness programmes among the business community.