Discussion: Coins & Notes In Circulation

[kansal888]

Dear Friends

I am uploading figures of coins & notes of different denominations released by rBI in various Financial Years.

Regards

Sanjay

[dheer]

Interesting research and data.

[cap493]

very good analysis kansal ji.good information about total mintage.10 rupee coin mintage in very less compared to others.

[Pabitra]

81 billion pieces in a year for 2013.


According to
http://pib.nic.in/newsite/erelease.aspx?relid=95967

SPMCIL was struggling to reach its installed capacity of 7 billion pieces of coins.

I will try to get the latest and analyse later.

[Figleaf]

Interesting. My conclusions from the stats:

- The past few bad economic years have not had much influence on the demand for paper money.
- There is no business case for a 200 rupee note.
- RBI is trying to choke off demand for the 50 paise and the 5 rupee note, working towards withdrawal.
- The 10 rupee coin is a great success.

A logical course of action would be to increase coin producing capacity, so demand for the 10 rupee could be fully met and the 10 rupee note could be discontinued. Also, banks could be encouraged to promote the use of free debit cards (more ATMs, cheap devices for shopkeepers) and payment by smart phone to save money on making banknotes.

Peter

[cap493]

is 2 rupee notes issued in all those given years?

[Pabitra]

Checked up with my sources in SPMCIL and RBI.
This data is not provided by SPMCIL.
RBI is owning the data and calls it as coins in circulation data.
According to them, whatever coins have been issued since decimalisation are added up.
No provision has been made to reduce the numbers caused by wide scale melting of Copper nickel coins issued before 2004 or large sized coins made before 2011.
No reduction in loss of coins thrown in rivers/ wishing well or Commemorative issued and ending in collections.

Only reduction is in writing of coins below 50 paise, which became no longer legal tender as per provisions of new coinage act.

To find year year's production, subtract last year figure from current year figures.
Small quantity of Rs 10 bimetallic coins of 2006 onwards are shown as nil.

[Figleaf]

Another thought. Demand for the 500 rupees banknote is growing out of proportion (compare the 100 rupee note stats.) I suspect it is a popular note for (petty) criminals. If more electronic cash possibilities were available, it would be fun to restrict the circulation of that note.

Peter

[Enlil]

Another thought. Demand for the 500 rupees banknote is growing out of proportion (compare the 100 rupee note stats.) I suspect it is a popular note for (petty) criminals. If more electronic cash possibilities were available, it would be fun to restrict the circulation of that note.

Peter

Or more likely the increasing middle class, and wealth going around.

[Figleaf]

No. If that were the case, you would see a very different demand line for the 100 rupees. The two would be closely correlated.

Peter

[Coinsforever]

No. If that were the case, you would see a very different demand line for the 100 rupees. The two would be closely correlated.

Peter

Rs.100 has practically  very low value now a days in Modern (highly inflated) Indian economy.

So Rs.500/Rs.1000 are acting as Rs.100 notes at least in urban areas.


Cheers