it's signal to ppl that -soon u will not see Rs -1,2, 5, 10, 20, 50 & 100 our smallest will be a coin of Rs 150 & every indian will be rich ( haveing lakhs in pocket)
Re: whoever gets the possession of them--
by prem k on Feb 22, 2011 08:56 PM
they wont come out of the mint. postal dept under ministry of i&b and communication employees, minister and their staff will horde these coins.
To prevent fake notes, RBI should print denominations of Rs.4, Rs.7, Rs.13, Rs.17, Rs.29, Rs.36, Rs.47, Rs.57, Rs.64, Rs.69, Rs.73, Rs.88, Rs.93, Rs.99, Rs.133 like.. This would remove black money also
Govt. shud make coins of smaller denominations i.e. less than Rs 100. ten,twenty and fifty rupees notes shud be replaced with coins..... wonder what will be the wight of Rs 150 coin !!
Re: Rs 150 coin to be out soon!
by prem k on Feb 22, 2011 09:02 PM
Weight is never an issue. More precious metals you include in the coin, lighter it will become. Rs. 150 coin will have some amount of silver and thus it could be really light. The only problem is the stability of the prices of metals. In last 3-4 years, gold has risen by more than 100%. In a lawless country like India, there are metal thiefs that melt the coins to salvage and sell the metal and sell it at a higher price.
