- Finance Ministry on Tuesday issued a notification.
- The Ministry to introduce Rs 100 coin to the economy soon.
- The Coins will bear MGR’s portrait in the center.
The Finance Ministry of the country on Tuesday issued a notification of introducing new Rs 100 coins to the economy. As per the ministry, this will be a major development in meeting the requirements of the currency in the country.
Coins to be introduced to commemorate the birth centenary of MGR:
The Centre and the Finance Ministry has recently issued a notification stating the introduction of Rupees 100 coins to the economy of the country. The introduction will be done to commemorate the birth centenary of MG Ramachandran.
As the information received, the coins will bear MGR’s portrait in the centre along with the inscription ‘DR M G Ramachandran Birth Centenary’ on the lower periphery.
The same will also be marked on the upper periphery in Devanagari script. The notification said that the year ‘1917-2017’ will be flanked below the portrait of Dr M G Ramachandran.
Ramachandran, popularly known as ‘MGR’, was the founder of All India Anna Dravida Munnetra Kazhagam (AIADMK) party, currently ruling in Tamil Nadu. A film actor and a three-time Chief Minister, he was awarded the Bharat Ratna posthumously in 1988.
Apart from this, the coins will also bear the Lion Capital of Ashoka Pillar in the centre with the inscription ‘Satyamev Jayte’ on the obverse side.
As per the reports, along with Rs 100, Rs 5 coin will also be issued by the government. The Rs 100 coin will weigh around 35 grams, while Rs 5 coins will weigh 6 grams.
While giving away the information about the Rs 100 coin, the ministry also shared the formation of the coin. The new Rs 100 coin will be made of silver (50 per cent), copper (40 per cent), nickel (5 per cent) and zinc (5 percent). while Rs 5 coin will be made of copper (75 per cent), zinc (20 per cent) and nickel (5 per cent).
On the other hand, Rs 5 coin will be made of copper (75 per cent), zinc (20 per cent) and nickel (5 per cent).