New Series of ₹1 Coins Expected to Enter Circulation Soon!

In 2019, the Prime Minister Shri Narendra Modi introduced the new definitive series coins, including denominations of ₹1, ₹2, ₹5, ₹10, and ₹20. While the ₹2, ₹5, and ₹10 coins became part of the circulation in 2019, the ₹20 coins started circulating in the second half of 2020. Regrettably, the ₹1 coins did not make their appearance either in 2019 or 2020.

According to the recent Reserve Bank of India's Annual Report, the new series of ₹1 coins has been minted and supplied to RBI's chest in approximately 1093 lakh units in the financial year 2019-20 and 1000 lakh units in 2020-21. Additionally, the report indicates that ₹20 coins were minted in approximately 458 lakh units in the financial year 2019-20.

Anticipating their release, many coin collectors eagerly await the circulation of ₹1 coins from the years 2019 and 2020 to add them to their collections.

Comments

Post a Comment

Popular posts from this blog

New Commemorative Coin: Mysore Medical College and Research Institute

Image
The Government of India will issue a ₹100  commemorative coin  to mark the Centenary Celebration of Mysore Medical College and Research Institute . The Ministry of Finance issued a gazette notification on November 25, 2024, confirming this coin. Mysore Medical College and Research Institute (MMC&RI), established in 1924 in Mysuru, Karnataka, is one of India’s oldest medical colleges. Affiliated with Rajiv Gandhi University of Health Sciences, it offers MBBS, postgraduate, and super-specialty courses. Known for academic excellence and attached to hospitals like K.R. and Cheluvamba, MMC&RI combines quality education with essential healthcare services. The  metal composition  of the ₹100 coin will consist of a Quaternary Alloy, comprising 50% Silver, 40% Copper, 5% Nickel, and 5% Zinc. The coin will weigh 35 grams and have a diameter of 44 mm, featuring 200 serrations along the edge. The coin's description is as follows. Obverse:  The face of the ...
Read more

New Commemorative Coin: Birla Institute of Technology and Science, Pilani

Image
The Government of India will issue a  commemorative coin  with a denomination of ₹60 to celebrate the ' Diamond Jubilee of Birla Institute of Technology and Science, Pilani '. The Ministry of Finance issued a gazette notification on November 4, 2024, confirming this coin. Birla Institute of Technology & Science, Pilani (BITS Pilani) is a premier private institution in India known for its excellence in engineering, science, and technology education. Established in 1964, BITS Pilani operates across multiple campuses in Pilani, Goa, Hyderabad, and Dubai, offering undergraduate, postgraduate, and doctoral programs. Known for its rigorous academic curriculum, innovative pedagogy, and strong emphasis on research and industry collaboration, BITS Pilani is among India's top engineering and technology schools. The institute follows a unique “Practice School” program, enabling students to gain valuable industry experience during their studies. The  metal composition  of th...
Read more

Karnataka Governor to Release Coins on Shri Parshvanath Bhagwan

Image
The Governor of Karnataka, Shri Thaawarchand Gehlot, along with Jainacharya Shri Jin Piyush Sagar Surishwarji, will release commemorative coins and postage stamps to celebrate the 2900th Janm Kalyanak and 2800th Nirvan Kalyanak of the 23rd Tirthankara, Shri Parshvanath Bhagwan, at Bhopalgarh, District Jodhpur, Rajasthan, on December 25, 2024. The event is being organized by the Shri Parshwanath Jinalaya Mahabalipuram Tirth Nyas and Shri Ostara Parshwanath Jain Shwetamber Murtipujak Trust. Shri Parshvanath Bhagwan, the 23rd Tirthankara in Jainism, holds a revered place in the faith's history. The 2900th Janm Kalyanak (birth anniversary) and 2800th Nirvan Kalyanak (liberation anniversary) commemorate his spiritual journey and teachings of non-violence, truth, and asceticism. Born in Varanasi to King Ashvasena and Queen Vamadevi, Shri Parshvanath renounced worldly pleasures at the age of 30, attaining Kevala Jnana (omniscience) through intense penance. His legacy of guiding countle...
Read more