Who issue coins

Govt announces Rs 20 coin; new one, two, five and ten rupees coins also in pipeline. Rate Story. Font Size Abc Small. Abc Medium. Abc Large. Agencies The Rs 10 coin was first issued in Almost 10 years after the issue of the Rs 10 coin, the Centre today announced a new coin of Rs 20 denomination which will come in edged polygon dodecagon shape. The government is also planning to release new coins of Re 1, Rs 2, Rs 5 and Rs However, the govt has not announced the exact date for the issuance of these new series coins.

The Finance Ministry, through a notification, said that the new Rs 20 coin will be made in copper, zinc and nickel. It will be 27mm millimeters and weigh 8. The Lion Capitol symbol of Ashoka Pillar with the legend "Satyamev Jayate" below it will be inscribed on its front side. Subscribe to ETPrime. Browse Companies:. Find this comment offensive? This will alert our moderators to take action Name Reason for reporting: Foul language Slanderous Inciting hatred against a certain community Others.

The Government of India has the sole right to mint coins. The responsibility for coinage vests with the Government of India in terms of the Coinage Act, as amended from time to time. The designing and minting of coins in various denominations is also the responsibility of the Government of India. Get Started for Free Download App. How many digits are there on a debit card? Which of the following Public Sector Banks has ceased to exist as an independent entity since 1st April ? The rate at which Reserve Bank of India lends short term money to commercial banks in the event of any shortfall of funds is called:.

The Reserve Bank of India issues monetary policy and controls and supervises banks across the country. The Reserve Bank reviews its monetary policy strategy every six months years, as well as each quarter.

The banking system in India is made up of numerous public, private, foreign, co-operative, and regional rural banks. The Reserve Bank is in charge of supervising the overall operations of these various institutions to maintain financial stability. Reserve Bank of India. Accessed Mar. Academic Foundation. Volume ," Page International Markets.

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