After gold, Tirupati management now looks to dispose 40 tonnes of foreign coins

The Tirupati Tirumala temple has a problem many other places of worship wouldn't mind - not knowing what to do with the staggering amount of devotee contributions it receives every year.

After converting its gold contributions into deposits with SBIa few days ago, the temple management is now contemplating how to dispose off offerings made in the form of foreign currencies, specifically 40 tonnes of foreign coins, the Deccan Chronicle reports.

The article states that usually foreign currency is converted into Indian rupees through nationalised banks, but foreign coins have been proving to be a problem and the Tirupati Tirumala Devasthanam (TTD), which manages the running of the temple, has sough the RBI's help in the matter.

Over the weekend, the TTD deposited a whopping 1,800 kg with SBI, taking the total deposits made by it so far with various banks to more than 5,000 kg.

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Updated Date: Aug 04, 2014 09:29:50 IST