Soiled And Mutilated Currency: An Examination Of Exchange Methods And Awareness Among Keralites

Abstract

This research delves into the awareness and strategies utilized by residents of Kerala when exchanging torn and damaged currency. It explores the success of government measures, evaluates the financial impact of damaged currency, and puts forth suggestions for improving the exchange system. Keeping in mind the specific hurdles faced by the people of Kerala, this study strives to offer valuable insights that can streamline the currency exchange process, making it more convenient and accurate for all. The implications of these findings will be valuable for policymakers and stakeholders, fostering progress in the exchange of damaged currency to benefit a diverse range of individuals. This is a study conducted in Kerala with a sample size of 274 collected through a questionnaire which consisted of 27 questions. The study of data is performed with the support of excel and spss. The major outcomes of the study are that of the participants are not aware of the policies handling soiled and mutilated notes. Most of them came across soiled and mutilated notes but somehow, they managed and it was not on the way it to be.