Sunday, February 11, 2007

Change is the only constant


I was genuinely busy with all my personal and professional work so busy that I was unaware of the fact that RBI has released a new Rs.2 coin. The design has changed so much that I couldn’t recognize that as an Indian currency. Finally a radical change in the Indian coinage! But after reading this article on the net a tot struck my mind. The previous design was so good that blind felt so easy to trade with it bcoz of its unique design, the edges were curved so that it stud out from the Rs.1 coins. So there should me strong reason behind the change.. I went pursuing the reason…

Finally was able to dig this...
Reason for change - In machinery there are some part which need a very stable washers which undoubtedly was costly. So as humans we always think of a cheaper alternative. The alternative for this was to use Rs. 2 coin. It was rigid enough and available in plenty

How they do it? Quite simple drill a hole in the middle and it is ready to be used. People started BULK trading this coin. When RBI came to know about the misuse, the obvious step was to come up with a new design which would stop this and yet be simple enough. Result of this we have this ->

1 comment:

vinzy said...

For more about Indian currency and coins .Follow the link

http://www.mumbaimint.org/CommemorativeCoins.htm
http://www.rbi.org.in/currency/coins.html