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Why India needs a coin replacement policy

Finshots Daily

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The Economic Dilemma of Minting Low-Value Coins

This chapter delves into the economic challenges surrounding India's 1 rupee coin, particularly its production costs that surpass its face value. It also examines the decline in coin usage due to digital payment systems while highlighting the coin's importance for low-income communities and discusses possible cost-reduction strategies inspired by other nations.

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