Is 50p a legal tender as per RBI

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Last Comment 2021-04-11

2021-04-11

With the increase in inflation, 50P has lost is value (I rarely used 50p in my childhood) and now I see many people reluctant to take 1 rupee, sometimes 2 rupee coins.

Is 50p still marked as legal tender?

What will happen if people start denying to take 1 rupee, 2 rupee coins in large scale?
There should be a base unit.

Are we moving to 10 rupee as the base unit with 0 bearing no value?

If you want to understand what I mean, Watch Venezuela crisis (which is 1000…? X times faster doing same thing)

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https://www.desidime.com/discussions/is-50p-a-legal-tender-as-per-rbi?page=1#post_7535224

deb4O5

Moderator

2021-04-11

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Can you see any shine in the lower values? Wait for this in India as well.. just keep voting/ supporting the best economists India has got till now.

https://www.desidime.com/discussions/is-50p-a-legal-tender-as-per-rbi?page=1#post_7536896

InvestPotato

2021-04-11

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My GOD

https://www.desidime.com/discussions/is-50p-a-legal-tender-as-per-rbi?page=1#post_7535239

mastervijay

2021-04-11

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Its legal but none obeying it, like people wearing mask on their chin.

https://www.desidime.com/discussions/is-50p-a-legal-tender-as-per-rbi?page=1#post_7535240

hsmhsm

2021-04-11

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People want economy and salaries to increase but resources are limited so devaluation is the result. grinning

https://www.desidime.com/discussions/is-50p-a-legal-tender-as-per-rbi?page=1#post_7536903

drupal

2021-04-11

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Do you want 8PM drunk to announce ajj rat 12 baje se….?
१₹ = १ $ होने वाला था फेकू के राज में अठन्नी की वैल्यू अब तक ₹30 की हो चुकी होती
लेकिन वही हुआ जो अब तक होता आया है झूठे आदमी ने रुपए का बेड़ा ही गर्क कर दिया