|Move to flush out ‘hidden’
Stagnation of coins in tills in
temples and at homes was the main reason for the
shortage of coins in the day-to-day cash
circulation, a Central Bank source said.
Sources said the Bank would soon announce a scheme
to bring the coins out into the cash circulation
aimed at overcoming the shortage.
Sources recalled that earlier a scheme was
introduced by offering prizes to those who deposit
their coin collections in banks but it became
counter productive because the scheme encouraged
people to save more coins in their eagerness to win