All these recommendations have been accepted and are at various stages of implementation. b)  Distribution mechanism  12. The functions relating to issuance of currency (both banknotes and coins) and their management is performed by the Reserve Bank through its 19 issue offices and a network of 4,209 Currency Chests and 3,966 Small Coin Depots spread across the country.
Inflation rates in many new Member States have picked up recently to an average of almost 5%, following increases in food and energy prices and indirect tax changes. The challenge for the new Member States is to contain inflation and inflation expectations in an environment of rapid catching-up.