Adolf Hitler once said that if you speak a lie more than hundred times, eventually it becomes true. No wonder, when we keep hearing a lie/rumour repetitively, we often trust it blindly without actually getting into the roots or cross examining with the facts. And this is exactly what is happening in the Sant Kabir Nagar district of Uttar Pradesh.
Well, to my dismay, shock and annoyance, nobody seems to take the small 1-rupee coin which is very much a legal tender. Yes, surprisingly though the coin is very much accepted and rolled in the rest of India, there are no takers of the coin in certain parts of Uttar Pradesh including the district of Sant Kabir Nagar where a small shopkeeper denied the coin from me. Interestingly, there is a strange rumour doing the rounds that the government has banned the coin.
Not Accepting Legal Tender is a Crime in India
Well, the small 1-rupee coin is a national currency and no citizen has the right/power to refuse it as the government of India promises to pay the value of the currency to the bearer. Moreover, according to the rules of the Reserve Bank of India those who refuse to accept any legal tender can be liable for action under section 124A (sedition) of the Indian Penal Code.
However, many parts of Uttar Pradesh are not accepting the coin believing the rumour that the coin is no longer a legal tender. Interestingly, nobody really has a clue as to why it is not accepted despite its circulation across the rest of India. Some of the locals confirmed that the belief of the people gained strength when some of the local banks refused accepting the coins. Perhaps the locals didn’t get a hint that not accepting could be due to shortage of space in the currency chest.In addition, fake news and whatsapp forwards bring more damage to such rumours.
Will RBI and the Government take action?
This is really a sorry situation where Indian citizens seem to be denying a legal tender of India. Both, the RBI and the UP Government should right away send out public notices in the entire Sant Kabir Nagar district so as to once again start the circulation of the small 1-rupee coin.Well, because, it is not that people here are ready to oppose RBI or want to insult the legal tender. It is just that a certain rumour has become an illegitimate truth which is why they are not accepting the coin despite it being a legal tender.
Unless and until there is a wide circulation through all mediums by the UP Government, Government of India and RBI, the people will not start accepting the coin no wonder how much ever me and you tell them about ‘it’being a legal tender. It is high time both, RBI and the Government take action,this time towards spreading awareness and real news across the nook and corner of the entire Sant Kabir Nagar district of Uttar Pradesh.