by Economists split over whether it’s genius or just slippery economics.
In a move blending tropical charm with monetary madness, Kerala has launched a new local currency made entirely of coconuts, named Tender Tender. According to The Economic Times, the initiative aims to reduce dependence on digital payments while supporting local agricultureand confuse economists nationwide.
Each coconut is assigned a unique QR code engraved by hand and an official government sticker certifying its value based on husk smoothness and water volume. We wanted a currency that’s natural, renewable, and mildly throwable, said Finance Minister Joseph Kurian.
Early adopters praise the tactile experience of buying tea with a coconut, though shopkeepers report storage issues. We need bigger cash drawers, complained one cashier, now building a thatched vault behind his stall.
Economists are divided. Some call it eco-friendly, while others label it liquid insanity. One analyst warned, Inflation could mean literal bursting.
The Kerala Coconut Board insists the move will strengthen the rural economy. A pilot study found 70% of residents prefer Tender Tender to credit cards, citing the joy of cracking open savings during emergencies. Tourists have joined the craze, hoarding coconuts as souvenirsor potential investments.
Meanwhile, the Reserve Bank of India has issued a cautious reminder: Do not attempt ATM deposits.
SOURCE: Bohiney.com (Radhika Vaz)
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