The Reserve Bank of India (RBI) is releasing new the Rs 100 coins to commemorate the birth centenary of legendary singer MS Subbulakshmi and late actor, chief minister of Tamil Nadu and founder of AIADMK MG Ramachandran. To enable this, the Central government has decided to even amend the Coin Act 2011, reports Kannada Prabha.
Usually, the commemorative coins are for special occasions for collectors and do not come into general circulation. But these two new coins will come into circulation. Along with Rs 100 coin, the RBI has also decided to release Re 1, Rs 2, Rs 5 and Rs 10 denomination coins of the same designs. The current coins will also be in circulation. The Central government has been releasing new currency notes in series. Already, Rs 2,000, Rs 200, Rs 500 and Rs 50 denomination new currencies are in circulation.
The coins will have the usual Ashoka Pillar in the middle with Satyameva Jayathe, Bharath written in Devanagari script and India in English. The rupee symbol and 100 numerical will be on one side and on the flip side facsimile of MS Subbulakshmi and MGR along with the date of birth centenary. Each coin will weigh 35 gms and will have a width of 44 mm.
The MS Subbulakshmi and MGR coins are a surprise and is seen as BJP’s attempts to woo AIADMK in Tamil Nadu.