₹20 coin to be introduced shortly soon; But it won’t be round

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₹20 coin to be introduced shortly soon; But it won’t be round

Ever since demonetization struck the nation, the RBI has been rolling novel currency notes continuously. After a series of multicolored notes, the administration currently is ready to roll out a multidimensional coin.  

On March 6 in a gazette notification, the country’s finance ministry has made announcement about the introduction of a latest ₹20 coin. The novel coin to be introduced will not be in a circle shape like subsisting coins. The new coin will have 12 sides means a ‘dodecagon’ (a 12-sided polygon).

Like the ₹10 coin, which is in movement at the present, the new coin will be two-toned boasting of a width of 27 milli-meters.

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The look of the ₹20 coin will carry a Lion Capital of the Ashoka Pillar with ‘Satyamev Jayate’ graven below in the Hindi language. The word ‘Bharat’ in Hindi will be adorned in the left side-line, and ‘India’ will be engraved in the right edge, stated the gazette announcement by finmin.

In the other side, the ₹20 coin will look like ₹10 coin with an ‘Rs’ sign on top of the denominational worth. The top bottom right will bear the remark ‘Twenty rupees’ in two languages Hindi and English. The year of striking will be showcased at the centre of the left margin of the coin.

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The outer ring of new ₹20 coin will be 65% copper, 15% zinc and 20% nickel. The centre piece will be 75% copper, 20% zinc and 05% nickel.

The latest coin will carry heavy weight as compared to all the subsisting coins at 8.54 grams.

The precise date to roll out the new coins was not stated in the gazette announcement.

Other coins including the one rupee, two rupees, five rupees, and ten rupees — will also be minted with novel ₹20 coin, the announcement stated.

Published by Sujatha Reddy on 08 Mar 2019

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