NEWS

Centre To Introduce ₹100 Coins And New ₹5 Coins Soon

The coins will be issued by the govt to commemorate the birth centenary of the late Chief Minister M G Ramachandran of Tamil Nadu

13/09/2017 11:49 AM IST | Updated 13/09/2017 11:49 AM IST
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NEW DELHI -- New coins in the denomination of ₹100 and ₹5 will soon be issued by the government to commemorate the birth centenary of the late Chief Minister M G Ramachandran of Tamil Nadu, according to an official announcement here.

"The coins of the denominations (₹100 and ₹5) shall also be coined at the Mint for issue under the authority of the central government to commemorate the occasion of M G Ramachandran birth centenary," the Finance Ministry said in a gazette notification dated 11 September, notifying the rules on "Coinage of One Hundred Rupees and Five Rupees coins".

The ₹100 coin will be 44 millimeters in diameter with a metal composition of silver (50%), copper (40%), nickel (5%) and zinc (5%).

On the obverse, the ₹100 coin will bear the "Lion Capitol of Ashoka Pillar" in the centre with "Satyamev Jayate" inscribed below on it in Devanagari script. It will also bear the rupee symbol and denominational value "100".

On the reverse side, the portrait of M G Ramachandran will be in the centre. The standard weight of the ₹100 coin will be 35 grams.

The new ₹5 coins will be 2 millimeters in diameter and it will weigh 6 grams. The metal composition of the ₹5 coin will be Copper (75%), zinc (20%) and nickel (5%).

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