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Are coins legal tender?

June 22, 2013

IN our daily transactions, we neither receive any coins nor are any taken from us. Thus, we notice that coins are not marketable in this part of the world.

The prices of commodities such as petroleum products, share prices, exchange rates, etc., are fixed by the agencies concerned in paisas along with rupees. This is most confusing for the public at large.

The State Bank of Pakistan and the ministry of finance are requested to confirm whether 50, 25, 10, five, two and one-paisa coins are legal tender and can be used by the public for their daily transactions?

A notification about this should be issued by the departments concerned for the information of the public. In case any of the above-mentioned coins have been demonetised, the number and date of the notification should be specified.

S.K. ZAHEER
Karachi