The Ministry of Finance recently announced that it will soon be rolling out a Rs 20 coin. This is the first time that a coin of this denomination is being issued in the country.
The Ministry will also be issuing new coins in the denominations of Re 1, Rs 2, Rs 5, and Rs 10.
Here are ten facts to know about the new Rs 20 coin as well as coins of other denomination.
1. Unlike most coins in use today, the Rs 20 coin will not be circular. Instead, it will be a 12-edged polygon (dodecagon).
2. The National School of Design has designed the coins.
3. Just like the Rs 10 coin, the Rs 20 coin will be 27 mm in diameter and will be two-toned.
4. The outer ring which is nickel silver is 65% Copper, 15% Zinc and 20% Nickel. The centre nickel brass piece will consist of 75% copper, 20% zinc and 5% nickel.
5. The obverse face of the new coin will have the lion capitol of the Ashoka Pillar with the line ‘Satyameva Jayate’ inscribed in Hindi. The left flank will have the word ‘Bharat’ written in Devanagari, and the right flank will have the word ‘India’ written in English.
6. The reverse face will have ‘Rs 20’ written in international numerals with the rupee symbol above it. The top right and bottom right peripheries will have the denomination written in words, in Hindi and English respectively.
7. It is important to know that although the government is introducing new coins of Re 1, Rs 2, Rs 5 and Rs 10, the old ones will still be legal tender.
8. Since the Rs 10 coin was introduced in March 2009, about 13 iterations of the tender have come in the market leading to major confusion. Shopkeepers sometimes refuse to accept the coins thinking they are fake. However, the government has clarified that all 14 versions of the coin are legal tender.
9. The new Rs 10 coin will have 100 serrations on the side to aid visually impaired citizens.
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10. The coins are also to be made in such a manner as to weigh according to their denomination. The more the value, the higher they will weigh. For instance, the Re 1 coin will weigh 3.09 gm, the Rs 2 will weigh Rs 4.07 gm, the Rs 5 will weigh 6.74 gm and the Rs 10 coin will weigh 7.74 gm, and the Rs 20 coin will weigh 8.54 gm. The weights too will help the visually impaired citizens distinguish its value.
(Edited by Gayatri Mishra)