Coin To Arrive Soon: 5 Things That You Must Know

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Whereas, the diameter of new Rs. 5 coins will be 23 millimeters and it will weigh 6 grams.

The other side of the coin will bear the legend Satyamev Jayate in Devnagari. It will also have the rupee symbol and denominational value "100" below the "Lion Capitol".

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 newly announced Rs 100 coin will have MG Ramachandran's portrait in the centre with the words: "Dr M G Ramachandran Birth Centenary" inscribed in the lower periphery. The words- "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.

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According to the notification, MGR's portrait will be engraved on one side of the coin.

The Centre is all set to roll out Rs 100 coins for the first time in the country. Its metal composition will be 50% silver, 40% copper, 5% nickel and 5% zinc.

The ministry further clarified that there will be limited production of these coins as they are being minted to honour the birthday of MGR and they will "not come under public use".

Since denotifying the notes of Rs 500 and Rs 1000, Narendra Modi-led BJP government has introduced a host of new currencies in succession. The coins are minted at the four India Government Mints at Mumbai, Alipore (Kolkata), Saifabad (Hyderabad), Cherlapally (Hyderabad) and NOIDA (UP).

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