By Anjali Singh Deswal-
PATIALA: Re 1 coin has a huge black market these days as they are much in demand. Seeing the rising demand, they are being sold in black in the market across the state.
Seeing the current price, about 80 coins are being sold for Rs 100 in the market. But one point that comes across in all this is that if you want Re one coin in black then there is no dearth. You will get as many as you want in black. This is one reason why Re 1 is in shortage.
As the festive season approaches, the demand for Rs 1 coin has gone up due to Re 1 being an important part of ‘shagun’ money. All envelopes used for giving money on an occasion have Re one stuck on them and the demand has gone up as the demand of envelopes has also increased due to festivals and marriages taking place.
Apart from Re 1 being used during the festive season, even bus conductors and shopkeepers need them. Due to Re 1 not coming into the market, toffees have replaced the coin. They suffer losses as Rs 100 get only 80 coins. On the other hand keeping toffees gives them profit.
When a bank officer was contacted in this regard, he said on the condition of anonymity that Re 1 coins are sent by the Reserve Bank of India. These days Re 1 coins are not arriving in adequate quantities. A demand for Re 1 coins has already been sent to the RBI and whenever they arrive, people will get the coins, he said.
