Are your Rs 10 coins being rejected? All you need to know about India’s fake currency business

While the government is trying to curb the menace of black money by taking extreme steps like demonetisation old higher currency notes, India continues to grapple with fake currency coins/notes. Instances of counterfeit Rs 10 coins being circulated in the market have escalated to such an extent that several shop owners, vendors, small traders and auto-rickshaw drivers are shying away from accepting the 10 rupee coin.

Social media has played its role in adding fuel to the fire by spreading rumours. A Whatsapp message, shared widely, suggested that …


Source by business-standard..