New Delhi: The Center government led by Narendra Modi is going to complete about four years tenure in power and till yet the Saffron Party has taken some big reform decisions on the economic front like currency demonetisation now they have decided to stop coins production.
Now, in this regards if we go with media reports than the production of coins has been discontinued by the Narendra Modi government that use to take place in Noida, Mumbai, Kolkata and Hyderabad.
We would like to tell you that the production of coins have been stopped by the Government of India at all these places. According to Reserve Bank of India (RBI) officials have informed that the work of coins production has been stopped since Tuesday.
After currency demonetisation now RBI stops production of coins:
The reason behind stopping of coins production was given by the RBI officials that after currency demonetisation the production of coins has been increased this much that the coin have still being lying in apex banks’ store till yet.
If we go with the notice of the RBI than there is a storage of 2500 MPCS coins till January 8th and this is the reason that why the production of coins has been stopped till the next order of apex bank.
Let us remind you that that the Narendra Modi government had enforced the note ban on entire country on November 8th, 2016. After which the Prime Minister Narendra Modi declared old currency notes of Rs 500 and 1000 as not a legal tender from mid night on that day.
Interestingly, the reason behind this decision was given by the central government is putting end on corruption and black money and after the ban was imposed the common people faced lots of problem throughout the country for many days.
