According to reports, Centre is all set to introduce Rs 100 coins in India soon. The Rs 100 coins will be rolled out for the first time in India ever since. A notification was issued by the Ministry of Finance on that Rs 100 coins will be introduced to commemorate the birth centenary of Dr MG Ramachandaran, AIADMK founder, and renowned Carnatic singer Dr. MS Subbulakshmi.
New Rs 5 and Rs 10 coins
It was reported that the Reserve Bank of India will be soon issuing new Rs 5 and Rs 10 coins as well. These coins will be issued to honour the Bharat Ratna-winning singer and the former Tamil Nadu chief minister.
Besides introducing Rs 5 and Rs 10 coins with new features, the ministry has decided to launch Rs 100 in coin form, which is currently distributed in notes form.
Specifications of the Rs 100 coin to get new Rupee Sign
According to the report, the obverse side of the Rs 100 coin shall bear the Lion Capitol of Ashoka Pillar in the centre. This phrase ‘Satyamev Jayate’ is believed to be inscribed below the pillar. It is believed that the Rs 100 coin will have the word ‘Bharat’ in Devnagari script on the left periphery whereas it will get the word India in English on the right periphery.
The Rs 100 coin shall also bear the ‘Rupee’ symbol on it which will also have the denominational value “100” inscribed on it in international numerals below the Lion Capitol.
The reverse side of Rs 100 coin shall bear the portrait of Dr MS Subbulakshmi in the centre and it will get the inscription of the name which shall be written in Devnagari script on the upper periphery. It will have the year 1916-2016 placed on the right periphery of Rs 100 coin whereas ‘Birth centenary of Dr MS Subbulakshmi’will be placed on the lower periphery of the Rs 100 coin and will be in English.
In the second design of the Rs 100 coin, the portrait of Dr MG Ramachandran will be in the centre of the face of the Rs 100 coin and it will bear his name inscribed in Devnagari script on the upper periphery. “Dr M G Ramachandran birth centenary” will be written in English on the Rs 100 coin and will be placed in the lower periphery of the coin.
Silver, Copper, Nickel and Zinc in the new Rs 100 coin
The Rs 100 coin will have a metal composition of Silver, Copper, Nickel and Zink and is reported to be 44 millimeter in diameter. The composition will be 50 per cent silver, 40 per cent copper, while nickel and zinc composition will be 5 per cent each. The standard weight of the Rs 100 coin, which will soon be launched in India will be 35 grams.
The launch date has not been revealed yet, but it is expected to be launched soon but the government. There are questions that are being raised that why is the government launching a Rs 100 coin and not a coin with a smaller denomination?
Well, time for you too to think about it!!
Source: Times of India