Rs 90 Coin Launched: Prime Minister Narendra Modi launched a commemorative coin worth Rs 90 on April 1, marking the 90th anniversary of the Reserve Bank of India (RBI). The event took place during the RBI’s 90th anniversary celebrations, attended by Finance Minister Nirmala Sitharaman, RBI Governor Shaktikanta Das, and other dignitaries.
Special Features and Design of the Rs 90 Coin
- The Rs 90 commemorative coin is made of 99.99% pure silver and weighs 40 grams.
- One side of the coin features the RBI logo with “RBI@90,” symbolizing the 90th anniversary.
- The other side depicts the denomination. Additionally, it includes the Ashoka Pillar and the motto “Satyameva Jayate” in Devanagari script.
How to Purchase the Commemorative Coin
- The Rs 90 coin cannot be used for transactions but is available for purchase online.
- To buy the coin, individuals need to visit www.indiagovmint.in and make the payment, which is significantly higher than the face value of Rs 90.
- The estimated cost ranges from Rs 5200 to Rs 5500.
Significance of the RBI
- The RBI has a long history, operating even before India’s independence.
- Established on April 1, 1934, it was tasked with managing India’s monetary system.
- The RBI plays a crucial role in the country’s economy, overseeing the banking sector and monitoring inflation, among other responsibilities.