New Delhi, September 13: Weeks after the new Rs 200 currency denomination notes were introduced in the system, the Central government on Tuesday announced that it will introduce Rs 100 coins this year to mark the birth centenary of MG Ramachandran, the late All India Anna Dravida Munnetra Kazhagam (AIADMK) founder. It is a moment to rejoice for all the numismatics who love to collect currency, including coins. According to a notification from the Ministry of Finance, dated September 11 new Rs 5 coins will also be issued to mark the birth centenary of the late AIADMK founder.
The newly announced Rs 100 coin will have MG Ramachandran’s portrait in the centre with the words: ‘Dr M G Ramachandran Birth Centenary’ inscribed in the lower periphery. It will also have a ‘Lion Capitol of Ashoka Pillar’ in the centre, with the legend ‘Satyamev Jayate’ inscribed below in Devanagari. It will also bear the rupee symbol and denominational value “100”.
Here’s how the new 100 and Rs 5 coin will look
- The new Rs 100 coin will be 44 millimeter in diameter with a metal silver (50 per cent), copper (40 per cent), nickel (5 per cent) and zinc (5 per cent). The Rs 5 coin will be made of copper (75 per cent), zinc (20 per cent) and nickel (5 per cent).
- The government will introduce new Rs 5 coin, which will be 23 millimeters in diameter and made of copper (75 per cent), zinc (20 per cent) and nickel (5 per cent).
- The weight of Rs 100 coin will be 35 grams while that of Rs 5 coin will be 6 grams
- Rs 100 coin will have MG Ramachandran’s portrait in the centre with the words: ‘Dr M G Ramachandran Birth Centenary’ inscribed in the lower periphery. The same will be inscribed in the Devanagari script on the upper periphery
- On the obverse side, the coins will bear the Lion Capital of Ashoka Pillar in the centre with the inscription ‘Satyamev Jayate’.
The new coins will bear Ramachandran’s portrait in the centre along with the inscription ‘DR M G Ramachandran Birth Centenary’ on the lower periphery. The same will also be in Devnagari script on the upper periphery. The Finance Ministry notification further added that the year ‘1917-2017’ will be flanked below the portrait of Dr M G Ramachandran while on the obverse side, the coins will bear the Lion Capital of Ashoka Pillar in the centre with the inscription ‘Satyamev Jayate’. (ALSO READ: Rs 200 Note Salient Features: Motif of Sanchi Stupa)
Ramachandran, the late AIADMK founder and former chief minister of Tamil Nadu Ramachandran is popularly known as ‘MGR’. He was the founder of All India Anna Dravida Munnetra Kazhagam (AIADMK) party, currently ruling in Tamil Nadu. A film actor and a three-time Chief Minister, he was awarded the Bharat Ratna posthumously in 1988.
According to several reports, the Rs 5 and Rs 10 coins are also set to undergo a major change. On the front, both the Rs 5 and Rs 10 coins will bear the Ashoka Pillar, flanked by the words ‘Bharat’, ‘India’ and ‘Satyamev Jayate’ on three sides and the denomination mentioned below. Reports further state that Rs 5 coins will bear Ramachandran’s portrait with “1917-2017” inscribed on the back while Rs. 10 coins will be marked with Subbulakshmi’s portrait with “1916-2016”.
The responsibility for coinage vests with Government of India as per Coinage Act, 1906 and are issued for circulation only through the Reserve Bank in terms of the RBI Act. As per the Coinage Act, 1906, coins can be issued up to the denomination of Rs 1000. The coins are minted at the four India Government Mints at Mumbai, Alipore (Kolkata), Saifabad(Hyderabad), Cherlapally (Hyderabad) and NOIDA (UP). Currently, in India, coins of denominations of 10 paise, 20 paise, 25 paise, 50 paise, one rupee, two rupees and five rupees are available. Coins up to 50 paise are called ‘small coins’ and coins of Rupee one and above are called ‘Rupee Coins’.