New Delhi: Ministry of Finance in its notification dated 11th September stated that Rs. 100 coins will be introduced on the occasion of Dr. MG Ramachandran birth centenary.
According to the report published in NDTV, on the occasion, new Rs. 5 coins will also be issued.
The diameter of Rs. 100 coin will be 44 millimeters and it will weigh 35 grams. Its metal composition will be 50% silver, 40% copper, 5% nickel and 5% zinc. Whereas, the diameter of new Rs. 5 coins will be 23 millimeters and it will weigh 6 grams. Its metal composition will be 75% copper, 20% zinc and 5% nickel.
It is also reported that the obverse of the Rs. 100 coin will bear “Lion Capitol of Ashoka Pillar” in the center along with “Satyamev Jayate” inscribed below on it. It will also bear the symbol of the rupee and denominational value “100”. On the reverse side, Dr. MG Ramachandran’s portrait will be in the center.
It may be noted that earlier, Govt. of Tamil Nadu urged the Central Govt. to issue coins and postal stamp to commemorate former chief minister MG Ramachandran.