Can we get enough of new currency already! Here’s another notification from the Finance Ministry which mentions that RBI will soon release Rs 100 and new Rs 5 coins to commemorate late Tamil Chief Minister – M G Ramachandran. It is an official announcement, no hoax, no rumour.
Since about 10 months, India seems to be a launch-pad for new currencies – we had the new Rs 500 notes (twice), Rs 2000 notes, Rs 200 notes and Rs 50 notes. After five denominations, the RBI is now preparing its Mint to produce new coins worth Rs 100 and Rs 5, yeah I said ‘hundred’. If you think it’s a hoax, well, it’s not because the gazetted notification by Finance Ministry said, “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.” Believe it now?
The coins will feature the portrait of Dr MG Ramachandran in the centre along with his name inscribe on the top in Devanagri script and at bottom in English. On the front side of coin will be 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”. The design specifications of Rs 5 coins have not been mentioned yet, but it could be similar since they will belong to the same series.
Coming to dimensions, Rs 100 coin will be 44 millimetres in diameter, will weigh 35 grams and will be made of metal alloy containing 50% silver, 40% copper, 5% nickel and 5% zinc. Silver coins are back, yay! Anyway, Rs 5 coins will surely not contain silver and will certainly be smaller in size too. With a diameter of 23 millimetres, just 6 grams of weight, these coins will be made from 75% copper, 20% zinc and 5% nickel. Come on you got to believe now!
Now the date of release has not been mentioned yet, but they said ‘soon’ so get your grey cells working. Also, we have no idea of how many coins will be launched and where will they be available from – but it will be announced soon and I assure to keep you updated. Talking a little about late Dr MG Ramachandran, he was popularly known as MGR and is the founder of AIADMK i.e. All India Anna Dravida Munnetra Kazhagam political party – which is currently ruling in Tamil Nadu. The film actor turned politician and then three-times Chief Minister of Tamil state has been awarded with Bharat Ratna award in 1988 and is one of the most popular figures who had major influence in South India. These new coins are in the honour of this public figure, and will glorify his contribution for the country.