Government announces new Rs 100 coins to mark MGR birth centenary

Indian currency coins seen in this

The newly minted Rs 100 and Rs 5 coins will be etched with M G Ramachandran's portrait in the centre. On the reverse side, the portrait of M.G. Ramachandran will be in the centre.

Mumbai: Pretty soon, your wallets will boast of Rs 100 coins as the government is set to introduce these new coins to commemorate the birth centenary of Bharat Ratna awardee and former Tamil Nadu Chief Minister late M G Ramachandran. News agency PTI reports that along with Rs 100, Rs 5 coin will also be issued by the government.

The Ministry of Finance on Monday issued a notification regarding the introduction of 100 rupee coins to commemorate the birth centenary of AIADMK founder Dr. MG Ramachandaran and renowned Carnatic singer Dr. MS Subbulakshmi.

According to a statement by the Ministry of Finance, the government will also roll out new Rs 5 coins to mark this occasion.

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The Rs 100 coin will be 44 millimetre in diameter and will be made up of silver, copper, nickel and zinc.

The highest denomination coin in circulation right now in the country is Rs 10 which weighs around 7.7 grams and has a diameter of 27 mm. On the front, both the Rs 5 and Rs 10 coins will bear the Ashoka Pillar, flanked by the words "Bharat", "India" and "Satyamev Jayate" on three sides and the denomination mentioned below.

The Reserve Bank of India has issued several new notes since it demonetised Rs 500 and Rs 1,000 notes in November 2016. Coins up to 50 paise are called "small coins" and coins of Rupee one and above are called "Rupee Coins".

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