Indian coins being turned into razors in Bangladesh | Things you didn't know about bangladesh | quick hint
- 2 years ago
RBI first introduced the 5 rupee coin in 1992.But now RBI has stopped making them.Actually there are 2 reasons for this...
1. Heavy weight and high manufacturing cost.
Before 2009, 5 rupee coins were generally made from cupro nickel and ferritic stainless steel, which were heavier than today's nickel brass 5 rupee coins and also cost more to make them.
2. Smuggling
In the year 2009, it was reported that razor blades were made from 5 rupees coins in Bangladesh.Razor Blade Manufacturer Companies of Bangladesh used to make 6 razor blades from just one coin of 5 rupees and sell each razor blade for 2 rupees.But it was completely illegal under the Coinage Act, due to which RBI stopped making these coins.....
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1. Heavy weight and high manufacturing cost.
Before 2009, 5 rupee coins were generally made from cupro nickel and ferritic stainless steel, which were heavier than today's nickel brass 5 rupee coins and also cost more to make them.
2. Smuggling
In the year 2009, it was reported that razor blades were made from 5 rupees coins in Bangladesh.Razor Blade Manufacturer Companies of Bangladesh used to make 6 razor blades from just one coin of 5 rupees and sell each razor blade for 2 rupees.But it was completely illegal under the Coinage Act, due to which RBI stopped making these coins.....
YouTube ➡️ https://youtube.com/c/QuickHint
Social Media Handles.
.....................................
Follow Quick Hint on:
FACEBOOK: https://www.facebook.com/quickhint/
INSTAGRAM: https://instagram.com/quick_hint?igshid=1v30e2vqqla5h
#indiancurrency #amazingfacts #dailymotion #quickhint #quickhinthindi