The coinage shortage in India can in part be blamed on the rising value of the metals of which they are composed.
Reserve Bank of India Chief General Manager in Mumbai Alpana Killawalla was quoted Jan. 19 in The Times of India newspaper as saying, "With the rise in international prices of copper and nickel, the intrinsic value of the coins were becoming higher than the actual embossed value. So, it was necessary to switch to a cheaper metal."...
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