Business

Rs 100 coins coming soon


New Delhi, Sep 13 (IANS): New coins in the denomination of Rs 100 and Rs 5 will soon be issued by the government to commemorate the birth centenary of the late Chief Minister M.G. Ramachandran of Tamil Nadu, according to an official announcement here.

"The coins of the denominations (Rs 100 and Rs 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," the Finance Ministry said in a gazette notification dated September 11, notifying the rules on "Coinage of One Hundred Rupees and Five Rupees coins".

The Rs 100 coin will be 44 millimetres in diameter with a metal composition of silver (50 per cent), copper (40 per cent), nickel (5 per cent) and zinc (5 per cent).

On the obverse, the Rs 100 coin will bear the "Lion Capitol of Ashoka Pillar" in the centre with "Satyamev Jayate" inscribed below on it in Devnagari script. It will also bear the rupee symbol and denominational value "100".

On the reverse side, the portrait of M.G. Ramachandran will be in the centre. The standard weight of the Rs 100 coin will be 35 grams.

The new Rs 5 coins will be 23 millimetres in diameter and it will weigh 6 grams. The metal composition of the Rs 5 coin will be Copper (75 per cent), zinc (20 per cent) and nickel (5 per cent).

Comment on this article

  • Rita, Germany

    Thu, Sep 14 2017

    I just wonder who had this stupid idea of bringingout of 100Rs coin.He should be given a bag of such coins of lac..It is quite not practicable in a daily practice.Imagine one carrys a vallet of Rs.100 and 5 in a big amount for a shopping,have to go with a taxi or ricksha.Day by day our govt.is getting new ideas and making normal peoples life unbearable.

    DisAgree Agree Reply Report Abuse

  • Akash salian, Mangalore

    Wed, Sep 13 2017

    In mangalore bus conductors not accepting 10rs coin because they can't handle it. Now 100, what will be the fate of this guy's.

    DisAgree Agree [1] Reply Report Abuse

  • Af,,, Mangalore

    Wed, Sep 13 2017

    North indians will demand now introducing Raj kapoor or amitab photo into coins.

    DisAgree [1] Agree [5] Reply Report Abuse

  • PINTO, Doha/Qatar

    Wed, Sep 13 2017

    If you want to withdraw one lakh Rupees carry a gunny bag with you..

    DisAgree [2] Agree [4] Reply Report Abuse

  • Flavian, Mangalore/Kuwait

    Wed, Sep 13 2017

    There should be some hidden agenda or purpose behind this.
    He is a south popular figure and how people from North react to this move.

    DisAgree [1] Agree [8] Reply Report Abuse

  • Akash salian, Mangalore

    Wed, Sep 13 2017

    No agenda... Only election gimmicks. Now MGR, then NTR later AB.

    DisAgree Agree [1] Reply Report Abuse

  • Rajesh, Udupi

    Wed, Sep 13 2017

    Serious madness is happening in the country....... is RBI is so remote controlled ??

    DisAgree Agree [10] Reply Report Abuse

  • Af,,, Mangalore

    Wed, Sep 13 2017

    Modis another vote bank politics plan to impress tamil nadu voters by introducing MGR photo into coin, why not Tiruullavar photo?

    DisAgree Agree [14] Reply Report Abuse

  • Ahmed K.C., Mangalore

    Wed, Sep 13 2017

    Height of stupidity.
    What is the need of Rs100 coin ? when Rs.10 coin has been already socially boycotted ?
    I don't see any other purpose other than "vote bank" of Tamil Naadu.

    DisAgree Agree [19] Reply Report Abuse

  • JAYA, mangalore

    Wed, Sep 13 2017

    Our central govt and RBI playing with indian economy... what about Fake's 'cashless economy’ ? they started with digital india now RBI started to release 50,200 notes with modi's dress colours. now I hope this coin also same thing with PM dress colours. India is shining under present govt. GPD growth 2% decreased.. Acha din for Blind bakthas....

    DisAgree [1] Agree [15] Reply Report Abuse

  • MILAN, LUCERNE

    Wed, Sep 13 2017

    AMERICANS ARE MAKING IPHONE X.. INDIANS ARE MAKING PATANJALI AGARBATHHI.

    DisAgree [4] Agree [24] Reply Report Abuse

  • Santan Mascarenhas, Kinnigoli/Mumbai

    Wed, Sep 13 2017

    Although we never come across "Satymev Jayate" in any day to day activities in India today, at least we will be reminded of it by these coins.

    I personally feel, there is something wrong somewhere. It is said 100 Rupee coin will be 35 gms and 50% of that is silver. Yesterday silver was Rs 41500/kg and the coins silver content that is 17.5 gms , intrinsic value itself is Rs 726. Other metals also have value, but even if one forgets about it, do you , by any of your imagination, think that the govt will give 100 Rupee coin costing more than 700 ?

    DisAgree [1] Agree [15] Reply Report Abuse

  • Rakesh, Mangalore

    Wed, Sep 13 2017

    Height of Madness..!!!

    This is Tughalak Darbar Rule by the Central Govt. In local language we can say Mangana Kaiyyalli Manikya.

    Carrying 10 Coins of Rs. 100 is like 350Gms weight in your pocket. People are reluctant to carry 10 rupee coins and Govt is introducing Rs.100 denomination coins to appease TN voters. This Govt can go to any low level to vote bank politics.

    Respected Voters of this Country need to re-think their choice to vote this Govt which is having no clue on the administration of this vast economy and literally pushing the country backward to fulfill its fantacies.

    God save our country and all of us.

    DisAgree [3] Agree [27] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Wed, Sep 13 2017

    Madness ...

    DisAgree [5] Agree [26] Reply Report Abuse

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