Coin To Arrive Soon: 5 Things That You Must Know

Rs-100-coin

Rs-100-coin

The Ministry of Finance released a statement on Monday notifying that the new Rs 100 coin as well as coin of Rs 5 will be introduced soon by Reserve Bank of India.

Ministry of Finance in its notification dated 11th September stated that Rs. 100 coins will be introduced on the occasion of Dr. MG Ramachandran birth centenary. The notification said that the year "1917-2017" will be flanked below the portrait of Dr M G Ramachandran.

The standard weight of the Rs 100 coin will be 35 grams.

A new Rs 10 coin will also be issued in memory of Tamilian classical singer MS Subbulakshmi.

The Rs 100 coin will be 44 millimeter in diameter, with a metal composition of silver (50 per cent), copper (40 per cent), nickel (5 per cent) and zinc (5 per cent). The metal composition of the Rs 5 coin will be Copper (75 per cent), zinc (20 per cent) and nickel (5 per cent). His name in Devnagari script will be inscribed on the upper side of the coin, with "Dr MG Ramachandran Birth Centenary" in English on the lower side. The coins will also bear the Lion Capital of Ashoka Pillar in the centre with the inscription "Satyamev Jayte" on the obverse side. It will also bear the symbol of the rupee and denominational value "100".

After founding the All India Anna Dravida Munnetra Kazhagam, he served as the Chief Minister of Tamil Nadu for two terms.

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