Centre set to introduce Rs 100 coins soon

The Centre is all set to roll out Rs 100 coins for the first time in the country.

The Ministry of Finance issued a notification regarding the introduction of Rs 100 coins to commemorate the birth centenary of AIADMK founder M.G Ramachandaran and renowned Carnatic singer M.S Subbulakshmi.

The Reserve Bank of India will also issue new Rs 5 and Rs 10 coins to honour the former Tamil Nadu chief minister and the Bharat Ratna-winning singer.

“The ministry 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, has decided to coined Rs 100 – which are presently distributed in notes form, and introduce Rs 10 and Rs 5 coins with new features at the Mint for issue under the authority of the Central Government to commemorate the occasion of Birth Centenary of Dr M.S Subbulakshmi and Dr M.G Ramachandran Birth Centenary,” the official notification from the ministry stated.

(Agencies)

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