New Delhi, Sep 13: The Central government will introduce coins of Rs 100 soon to commemorate birth centenary of former Tamil Nadu Chief Minister DR Marudur Gopalan Ramachandran.
Finance Ministry issued notification about introduction of Rs 100 coin & Rs 5 coin to commemorate birth centenary of Dr MG Ramachandaran
— ANI (@ANI) September 12, 2017
On Tuesday, the Finance Ministry issued notification regarding introduction of Rs 100 coin. Apart from this Centre will also issue new Rs 5 coin.
“The ministry in exercise of the powers conferred by clauses (d) and (e) of sub-section (2) of section 24 of the Coinage Act, 2011 (11 of 2011), the Central Government, has decided to coined Rs 100 – which are presently distributed in notes form, and introduce Rs 10 and Rs 5 coins with new features at the Mint for issue under the authority of the Central Government to commemorate the occasion of Birth Centenary of Dr M S Subbulakshmi and Dr MG Ramachandran Birth Centenary,” Finance Ministry said in its statement.
The newly minted coins will bear MGR’s portrait in the centre, with inscription ‘Dr M G Ramachandran Birth Centenary’ will be inscribed in the lower periphery while the same will be inscribed in the Devanagari script on the upper periphery.
The reverse side of the coin will be etched with the Lion Capital of Ashoka Pillar in the centre along with the inscription ‘Satyamev Jayte’.
The Rs 100 will weigh 35 grams and made of 50 per cent silver, 40 per cent copper, 5 per cent nickel and 5 per cent zinc.
The Rs 5 coins will weigh 6 grams and made of 75 per cent copper, 20 per cent zinc and 5 per cent nickel.