Government announces new Rs 100 coins to mark MGR birth centenary
The Rs 100 coin will be composed of 50 per cent silver, 40 per cent copper, five per cent nickel, and five per cent zinc.(Representative image) Photograph: (Others)
The Indian government announced on Tuesday that it will soon issue coins of Rs 100 and Rs 5 to commemorate the birth centenary of AIADMK founder MG Ramachandran or MGR as the legendary Tamil Nadu politician was popularly known.
In a gazette notification today, the Finance Ministry announced: "The coins of the denominations (Rs 100 and Rs 5) shall also be coined at the Mint for issue under the authority of the central government to commemorate the occasion of MG Ramachandran birth centenary."
The Rs 100 coin will be composed of 50 per cent silver, 40 per cent copper, five per cent nickel, and five per cent zinc.
The coin, which will be 44 millimetres in diameter, will weigh 35 grams and bear the rupee symbol and denominational value "100".
It will have the country's national symbol, the Ashoka Pillar, embossed on the obverse in the centre and the phrase "Satyamev Jayate" inscribed below in Devnagari script.
On its reverse, the coin will bear the portrait of MGR in the centre.
The new Rs 5 coins will be 23 millimetres in diameter and it will weigh 6 grams.
Their metal composition will be 75 per cent Copper, 20 per cent zinc and five per cent nickel.
The coins have reportedly been issued at the behest of the Tamil Nadu government to mark MGR's birth centenary.