The life of a rupee

The most exciting life will be when you follow the 1 rupee coin that you just exchanged with that rickshaw driver. Just imagine how the rupee is born, where does it exchange hands. It will give you a marvelous story and will bring you to many surprises and realities. This is a small attempt to demystify the life of a coin

While going to my office, the rickshaw driver asked me 11 rupee. I gave it to him. But have you ever thought what life a rupee leads. The coins are made in the mint. They go to the bank. From the bank a buyer gets it while withdrawing money. He spends it on the rickshaw driver who again either gives to another passenger in case of exchange or buys something from it. The one rupee coin then moves from shop to shop until all the one rupee coin are either exchanging hands with other shops or other buyers. The shop keeper may even deposit it back to the bank or give it to another buyer. Generally if I were the shop keeper I would have kept certain coins with me and deposited others in the bank. Some businesses need rupee so they exchange the coins with rupee of larger denomination. The bank either gives it to the buyers who are in need of the coin or deposit with the RBI. So there are few coins floating and exchanging hands while others are in the bank. As more and more coins are sent to the market the number of coins increase. Whenever coins are more they only circulate there are more coins and people are richer. So they have more disposable income. If enough people deposit coins in the bank then there will be limited coins. All coins goes to the business which are in need of coins like the vegetable vendor and bus ticket collector and rickshaw drivers or taxi drivers. So a small part of the business has more coins. Now what to do with excess coins. At the most it can be given to the bank and exchanged for rupees. The bank then melts the coin and the values remain in records. THE EXCHANGES ARE EVEN MORE COMPLEX. IN THE END EVERYTHING IS IN RECORDS.