Centre set to introduce Rs 100 coins soon

[Kool_SRG]

NEW DELHI: The Center is all set to roll out Rs 100 coins for the first time in the country.

The Ministry of Finance on Monday issued a notification regarding the introduction of Rs 100 coins to commemorate the birth centenary of AIADMK founder Dr MG Ramachandaran and renowned Carnatic singer Dr MS Subbulakshmi.

The Reserve Bank of India will also issue new Rs 5 and Rs 10 coins to honour the former Tamil Nadu chief minister and the Bharat Ratna-winning singer.

"The ministry in exercise of the powers conferred by clauses (d) and (e) of sub-section (2) of section 24 of the Coinage Act, 2011 (11 of 2011), the Central Government, has decided to coined Rs 100 - which are presently distributed in notes form, and introduce Rs 10 and Rs 5 coins with new features at the Mint for issue under the authority of the Central Government to commemorate the occasion of Birth Centenary of Dr M S Subbulakshmi and Dr MG Ramachandran Birth Centenary," the official notification from the ministry stated.

The obverse side of the coin shall bear the Lion Capitol of Ashoka Pillar in the centre with the legend Satyamev Jayate inscribed below, flanked on the left periphery with the word Bharat in Devnagari script and on the right periphery with the word India in English.

It shall also bear the Rupee symbol (₹) and denominational value "100" in international numerals below the Lion Capitol.

The reverse side of the coin shall bear the portrait of Dr MS Subbulakshmi in the centre. The inscription Dr MS Subbulakshmi shall be written in Devnagari script on the upper periphery and "Birth centenary of Dr MS Subbulakshmi" in English on the lower periphery of the coin. The year "1916-2016" in international numerals will be placed on the coin's right periphery.

In the second design, the face of the coin will bear the portrait of Dr MG Ramachandran in the centre, with his name inscribed in Devnagari script on the upper periphery and "Dr M G Ramachandran birth centenary" in English on the lower periphery of the coin.

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The year "1917-2017" in international numerals will flank the bottom of Dr MG Ramachandran's portrait on the coin.

The Rs 100 coin will be 44 millimeter in diameter with a metal composition of silver (50 per cent), copper (40 per cent), nickel (5 per cent) and zinc (5 per cent).

[Kool_SRG]

Rs. 100 Coin To Arrive Soon: 5 Things That You Must Know

"The coins of the denominations (Rs. 100 and Rs. 5) shall also be coined at the Mint for issue under the authority of the Central Government to commemorate the occasion of Dr M G Ramachandran's birth centenary," a notification from the Ministry of Finance stated.

 

Yes, you have heard it right! Rs. 100 coins are coming out soon. As per the latest notification from the Ministry of Finance, coins of Rs. 100 and Rs. 5 will be introduced to commemorate the occasion of Dr MG Ramachandran's birth centenary. "The coins of the denominations (Rs. 100 and Rs. 5) shall also be coined at the Mint for issue under the authority of the Central Government to commemorate the occasion of Dr M G Ramachandran's birth centenary," the notification said.
 

Here are five things to know about the Rs. 100 coin:

1. The Rs. 100 coin will be 44 millimeters in diameter with a metal composition of silver (50 per cent), copper (40 per cent), nickel (5 per cent) and zinc (5 per cent) - each.

2. Front side of the coin will bear the "Lion Capitol of Ashoka Pillar" in the centre. It will also have the rupee symbol and denominational value "100" below the "Lion Capitol".

3. The back of the coin will bear the portrait of Dr Ramachandran in the centre. 

4. The standard weight of a Rs. 100 coin will be 35 grams.

5. The new Rs. 5 coins will be 23 millimeters in diameter and will weigh 6 grams each. The metal composition of the Rs. 5 coin will be copper (75 per cent), zinc (20 per cent) and nickel (5 per cent).

[Kool_SRG]

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