Govt Confirms No ₹50 Coin Coming Soon, Prefers Notes Over Coins

The petitioners had demanded the issuance of 50 rupee coins for visually impaired persons. At present, coins of Rs 1, 2, 5 and 20 are available in the market.

The Department of Economic Affairs of the Union Finance Ministry has informed the court that there is no plan to bring 50 rupee notes in the market. According to the report, people have given more preference to the existing 10 and 20 rupee coins than notes.

The government told the court that the Reserve Bank of India (RBI) had conducted a survey in 2022, which aimed to collect information about the use of existing coins and notes. It was clear from this survey that people were giving more preference to notes than 10 and 20 rupee coins.

The court has been informed that the persons involved in the survey have mentioned problems related to the weight and size of the coins. The report also states that it is necessary to consider several important aspects for issuing a coin of a particular value. These include ensuring whether the public is ready to accept that coin and how much it will be used in daily transactions.

What was said in the petition filed in Delhi High Court?

In the petition filed in Delhi High Court, the petitioner has alleged that he has studied the flaws present in the currency design, in which it was found that the 50 rupee note is not clearly different from other notes. The Finance Ministry has also admitted that the new series of Mahatma Gandhi notes of Rs 10, 20 and 50 do not have textile features like angular bleed lines and raised print. These features get worn out quickly due to excessive handling of these notes. The Finance Ministry also told the court that re-implementing these textile features will have a significant impact on production costs and efficiency.

Finance Ministry gave important information

The Finance Ministry has informed that all the notes of the new Mahatma Gandhi series have different sizes, so that visually impaired people can identify them through touch. The ministry has also admitted that the simultaneous circulation of old and new series notes can create difficulty in identification. In the Delhi High Court, the Finance Ministry has assured that as the old series notes naturally go out of circulation, the features of the new series will make identification easier for visually impaired people.