Why dont we have notes of rupees 1 and 2 because notes are easier to make than that of coins.
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cause if we had started to make notes for 1 and 2 rupees, we would had run out of trees and paper.
1 and 2 are the smallest demarcations, which means they will take a huge supply of paper to print in order to maintain an amount capable of being used by the public
1 and 2 are the smallest demarcations, which means they will take a huge supply of paper to print in order to maintain an amount capable of being used by the public
abhishekvashispdhjwk:
if we are taking consideration for trees, there are more other things which are using trees as paper other than notes. we should control them first.
true but one thing that is used the most by people is currency or money
think about the amount of paper and ink and working it would take to print all the 1/- and 2/- notes
we use A4 paper more than anything in the daily use, on an average we use 10 papers to waste
overall cost of printing notes is lesser than making papers.
the paper used in minting currency is different
coins are minted and notes are printed Sir.
the standard of minting money is far complex than anyother mints in order to leep the authencity of the money that ia being peinted
printed
All coins and one rupee currency notes in India are issued by Govt of India while currency notes of all higher denominations ( Rs 2, 5, 10, 20, 50, 100, 500 and 1000) are issued by RBI.
While cost of printing a note is very small compared to a coin, coins have much longer life. As per a report in Hindu ( Dec 23, 2012), cost of minting a Rs 10 coin is Rs 6.10 against Rs 0.96 for printing a Rs 10 note.
While cost of printing a note is very small compared to a coin, coins have much longer life. As per a report in Hindu ( Dec 23, 2012), cost of minting a Rs 10 coin is Rs 6.10 against Rs 0.96 for printing a Rs 10 note.
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