Cuttack: The Millenium City and its surrounding areas such as Salepur are ripe with rumours that the Re 1 coin is soon going to be declared invalid by Reserve Bank of India. This has lead to traders and customers not accepting the coins.
Some claim that many banks are allegedly not accepting the coins, citing lack of adequate space to stock them.
Traders are the worst hit, with some sitting on coins worth thousands. With shopkeepers are not accepting the coin, customers are also refusing to take the change.
However, bank authorities informed that Re 1 coin is completely valid and no such ban order has been issued by the government.
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