Home India Ministry of Finance Issue of a Commemorative coin of the denomination of Rs 90 o...
Date: 19-Mar-2024 Category: Extra Ordinary State: Union Government Country: India

Issue of a Commemorative coin of the denomination of Rs 90 on the occasion of 90 years celebration of Reserve Bank of India

Issued by Ministry of Finance · Department of Economic Affairs

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Executive Summary & Key Takeaways

What it means

  • The gazette notification announces the Coinage (Issue of Commemorative Coin on the occasion of 90 Years Celebration of Reserve Bank of India) Rules, 2024.
  • It specifies the rules for issuing a commemorative coin to mark the 90th anniversary of the Reserve Bank of India (RBI).

Key Changes

  • A ninety rupees denomination coin will be minted to commemorate the 90th anniversary of the Reserve Bank of India.
  • The coin will be circular with a diameter of 44 millimeters and have 200 serrations.
  • The coin will be made of 99.9% pure silver.
  • The coin's obverse side will feature the Lion Capitol of Ashoka Pillar, the inscription “सत्यमेव जयते”, the word “भारत” in Devnagari script, the word “INDIA” in English, the Rupee symbol “₹”, and the denominational value “90”.
  • The coin's reverse side will feature the logo of the Reserve Bank of India, the inscription “भारतीय रिजर्व बैंक” in Devnagari script, the inscription “RESERVE BANK OF INDIA” in English, and “RBI@90”.
  • The standard weight of the coin is 40 grams, with a silver content tolerance of 998.8 parts per 1000 and above.
  • The permissible weight variation is between 39.995 grams and 40.005 grams.

Impact Analysis

Reserve Bank of India (RBI)

  • RBI should collaborate with the Ministry of Finance and the mint to ensure the timely production and distribution of the commemorative coin.

General Public and Collectors

  • The public will have an opportunity to own a piece of memorabilia celebrating a significant milestone of the nation's central bank.

Mint

  • The mint needs to ensure the availability of pure silver and the proper machinery for minting the coin.

Ministry of Finance

  • The Ministry should assess the success of the commemorative coin issue and consider future commemorative coin opportunities.

Key Entities Referenced

Central Government: The authority issuing the notification and responsible for authorizing the minting of the commemorative coin. Reserve Bank of India (RBI): The central bank of India, whose 90th anniversary is being commemorated. Coinage Act, 2011: The legislation that empowers the Central Government to make rules regarding coinage, including commemorative coins. Specifically, Section 24(2)(d) and (e) are referenced.
Official Source Record View Original Source →
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एxलxx.-GअID.-H1x9x0x3 2024-253221 CG-DLxx-xEG-I1D9E0x3x2x0 24-253221 असाधारण EXTRAORDINARY भाग II—खण् ड 3—उप-खण्ड (i) PART II—Section 3—Sub-section (i) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 204] नई दिल्ली, मगं लिार, माच ि19, 2024/फाल्ग नु 29, 1945 No. 204] NEW DELHI, TUESDAY, MARCH 19, 2024/PHALGUNA 29, 1945 जित्त मत्रं ालय (आर्थकि काय िजिभाग) अजधसचू ना नई दिल्ली, 19 माचि 2024 सा.का.जन. 218(अ).—केन्द्रीय सरकार, जसक्का जनमािण अजधजनयम, 2011 (2011 का 11) की धारा 24 की उपधारा (2) के खंड (घ) और खंड (ड.) द्वारा प्रित्त िजियों का प्रयोग करत े हुए, जनम्नजलजखत जनयम बनाती ह,ै अथाित्:- 1. संजिप्त नाम और प्रारम्भ:- (1) इन जनयमों का संजिप् त नाम जस्‍क ा-जनमािण (भारतीय ररज़िि बैंक के 90 िर् ि मनान े के अिसर पर स्ट्मारक जस्‍क ा िारी करना) जनयम, 2024 ह।ै (2) य ेरािपत्र में उनके प्रकािन की तारीख को प्रिृत्त होंगे। 2. जस्‍क े का मल्ू य िग.ि- “भारतीय ररज़िि बैंक” के 90 िर् ि मनान े के अिसर पर केंरीय सरकार के प्राजधकार के अधीन िारी करने के जलए टकसाल म ें नब्बे रुपये मल्ू यिग िका जस्‍क ा ढाला िाएगा । 3. जस्‍क े की जिमा और सरं चना.- जनयम 2 म ें जनर्िष्ि ट उपरोि मूल् यिग ि के जस्‍क े, जनम्नजलजखत जिमाओं और संरचना के अनुरूप होंग,े अथाति ् :- 2107 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] जस्‍क े का मूल् यिग ि आकार और बा ह्य व् यास िांतेिारों दकनारे की संख् या धातु संरचना (1) (2) (3) (4) नब्बे रुपय े िृत् ताकार 200 िद्धु रित 44 जमलीमीटर रित- 99.9 प्रजतित 4. जडज़ाइन.- जसक्के का जडज़ाइन इन जनयमों की पहली अनुसूची में यथा जिजनर्िष्ि ट होगा। मानक ििन और अनज्ञु ात उपचार.- भारतीय ररज़ि ि बैंक के 90 िर्ि मनान े के अिसर पर स्ट्मरणोत्सि मनाने के जलए जनयम 2 में जनर्िष्ि ट मूल् यिगि के ढाले गए जसक्के का मानक ििन और ऐसे जसक्के को बनाने में अनुज्ञात उपचार िह होगा िो इन जनयमों की िसू री अनुसूची में यथा जिजनर्िष्ि ट ह।ै पहली अनसु चू ी (जनयम 4 िेख)ें नब्ब े रुपय े अग्र भाग: जसक्के के इस भाग पर मध्य में अिोक स्ट्तम्भ का ससंह िीर्ि होगा, जिसके नीचे “सत्यमिे ियत”े लेख उत् कीर्णित होगा, उसकी बाईं पररजध पर िेिनागरी जलजप में “भारत” िब् ि और िाईं पररजध पर अंग्रेिी में “INDIA” िब् ि होगा। ससंह स्ट्तम्भ िीर्ि के नीचे रुपय ेका प्रतीक “₹” और अंतराष्ट्रि ीय अंकों म ेंअंदकत मूल्य “90” भी होगा । पष्ठृ भाग: जसक्के के इस भाग के मध्य में भारतीय ररज़िि बैंक का प्रतीक जचन्द्ह होगा। जस्‍क े की ऊपरी पररजध पर िेिनागरी जलजप म ें “भारतीय ररज़ि ि बकैं ” जलखा होगा। जसक्के की जनचली पररजध पर अग्रं ेिी में “RESERVE BANK OF INDIA” जलखा होगा। भारतीय ररज़िि बैंक के प्रतीक जचन्द्ह के नीचे “RBI@90” जलखा होगा । िसू री अनसु चू ी (जनयम 5 िेख)ें अनुज्ञात उपचार जसक्के का मूल्यिग ि मानक ििन धातु संयोिन म ें मानक ििन म ें )1( )2( )3( )4( नब्बे रुपय े 40 ग्राम प्रजत 1000 म ें रित का 999 भाग। रित 1/8000िां जहस्ट्स ा िमा या अंि के जलए छूट 998.8 तथा उससे ऊपर घटा अथाित ् ििन 39.995 होगी। ग्राम से 40.005 ग्राम के बीच हो सकता ह।ै [स.ं 02/04/2024 –जस्‍क ा] अपणाि भारटया, सलाहकार MINISTRY OF FINANCE (Department of Economics Affairs) NOTIFICATION New Delhi, the 19th March, 2024 G.S.R. 218(E).—In exercise of the powers conferred by clauses (d) and (e) of sub-section (2) of section 24 of the Coinage Act, 2011(11 of 2011), the Central Government hereby makes the following rules, namely: -[भाग II—खण् ड 3(i)] भारत का रािपत्र : असाधारण 3 1. Short title and commencement. - (1) These rules may be called the Coinage (Issue of Commemorative Coin on the occasion of 90 Years Celebration of Reserve Bank of India) Rules, 2024. (2) They shall come into force on the date of their publication in the Official Gazette. 2. Denomination of coin.- The coin of ninety rupees denomination shall only be coined at the Mint for issue under the authority of the Central Government to commemorate on the occasion of 90 years Celebration of Reserve Bank of India. 3. Dimension and composition of coin. - The denomination of the coin mentioned in rule 2 shall conform to the following dimensions and composition, namely: - Denomination Number of Shape and outside diameter Metal composition of coin serrations (1) (2) (3) (4) Circular Pure Silver Ninety Rupees 200 44 millimetre Silver - 99.9 per cent 4. Design.- The design of the coin shall be as specified in the First Schedule annexed to these rules. 5. Standard weight and remedy allowed.- The standard weight of the coin of denomination referred in rule 2 to commemorate the occasion of 90 years Celebration of Reserve Bank of India and the remedy allowed in making of such coin shall be as specified in the Second Schedule annexed to these rules. THE FIRST SCHEDULE [See rule 4] NINETY RUPEES OBVERSE: This face of the coin shall bear the Lion Capitol of Ashoka Pillar in the centre with the legend “सत्यमेव जयते” inscribed below, flanked on the left periphery with the word “भारत” in Devnagari script and on the right periphery with the word “INDIA” in English. It shall also bear the Rupee symbol “₹” and denominational value “90” in the international numerals below the Lion Capitol. REVERSE: This face of coin shall bear the logo of Reserve Bank of India in the centre of the coin. The inscription “भारतीय ररज़वव बैंक”shall be written in Devnagari script on the upper periphery of the coin and the inscription “RESERVE BANK OF INDIA” in English shall be depicted on the lower periphery of the coin. “RBI@90” shall be written below the logo of the Reserve Bank of India. THE SECOND SCHEDULE [See rule 5] Remedy allowed Denomination of Standard In composition coin weight In standard weight (1) (2) (3) (4) 999 parts of Silver per 1000. The tolerance 1/8000th plus or minus that for Silver content shall be 998.8 and above. is to say weight could be Ninety Rupees 40 Grams 39.995 grams to 40.005 grams. [No. 02/04/2024 – Coin] APARNA BHATIA, Adviser Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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