Ever since demonetisation struck the country, the Reserve Bank of India (RBI) has been rolling out new currency notes one after the other. After a series of colourful notes, the government is set to release the first-ever Rs 20 coin which is specially designed for virtually impaired people.
The all-new Rs 20 coin, to be issued for the first time in India, will be out there for circulation in accordance with the Reserve Bank of India (RBI) Act.
Key features to know about India’s first Rs 20 coin
* The newly introduced coin of Rs 20 is in polygon shape of 12 edges with a design of grains denoting the agricultural dominance of the country.
* The obverse face of the coin shall bear the Lion Capitol of Ashoka Pillar with the legend ‘Satyamev Jayate’ in Hindi inscribed below, flanked on the left periphery with the word ‘Bharat’ in Hindi and on the right periphery with the word “INDIA” in English.
* The reverse face of the coin shall bear denominational value “20” in the international numerals. The Rupee symbol shall be shown above the denominational value.
* The top right and bottom right peripheries shall bear the word ‘Bees Rupaye’ in Hindi and “TWENTY RUPEES” in English.
* The radius of the coin will be of 27 mm while its weight will be 8.54 grams.
* The coin’s outer ring will be formed of Nickel Silver (Copper: 65%, Zinc: 15%, Nickel: 20%) while the inner part will be of Nickel Brass (Copper: 75%, Zinc: 20%, Nickel: 05%).
* The year of minting in international numerals shall be shown in the centre of the left periphery of the coin.
The Reserve Bank of India (RBI) had issued the first Rs 10 coin nearly 10 years ago in March 2009. Since then, there have been 13 iterations of the coin. This also led to create confusion among few traders who assumed that some of the coins in circulation could be “fake”. However, the central bank later issued a clarification last year saying that all 14 kinds of coins continue to be legal tender.