Government set to introduce 100 Rupee coins
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After the introduction of 200 rupee notes and a revamp of 50 rupee notes, the Centre is all set to roll out 100 rupee coins for the first time in the country.
The Ministry of Finance on Monday issued a notification regarding the introduction of 100 rupee coins to commemorate the birth centenary of AIADMK founder Dr. MG Ramachandaran and renowned Carnatic singer Dr. MS Subbulakshmi.
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 100 rupee - which are presently distributed in notes form, and introduce 10 rupee and 5 rupee 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 statement from the ministry.
• The coins will bear his portrait in the center along with the inscription 'DR M G Ramachandran Birth Centenary' on the lower periphery. The same will also be in Devanagari script on the upper periphery.
• On the obverse side, the coins will bear the Lion Capital of Ashoka Pillar in the center with the inscription 'Satyamev Jayte'.
• The 100 rupee and 5 rupee coins will weigh 35 grams and 6 grams, respectively.
• The 100 rupee coins will be made of silver (50 per cent), copper (40 per cent), nickel (5 per cent) and zinc (5 per cent).
Also Read: 200 Rupee Bank Notes