RBI ceased producing thicker 5-rupee coins as they were being sent to Bangladesh for melting to create razor blades.

The Reserve Bank of India (RBI) halted the production of thicker 5-rupee coins due to concerns that they were being illicitly sent to Bangladesh for melting. This melting process was likely used to repurpose the metal for creating razor blades or other items, which posed a loss to the Indian economy. Such actions can impact the currency’s integrity and necessitated the RBI’s action to protect the coinage system and its value

Follow Taxpuram to stay updated with current news

Contact us

Fill in the form below or give us a call and we'll contact you. We endeavour to answer all enquiries within 24 hours on business days.