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New 100 Rupees Banknote Featuring Gujarat's 'Rani Ki Vav'

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The Reserve Bank of India (RBI) has introduced a refreshed ₹100 banknote featuring a distinctive lavender colour, which is expected to enter widespread circulation by next month.  This new design is part of the Mahatma Gandhi (New) Series rolled out after the 2016 demonetization, aimed at enhancing security features, improving accessibility, and modernizing the overall aesthetic of India’s currency. The reverse of the new ₹100 note prominently showcases Gujarat’s iconic ‘Rani-ki-Vav’ (Queen’s Stepwell), a UNESCO World Heritage Site celebrated for its stunning architectural intricacy and historical significance. Alongside this, the Swachh Bharat logo and slogan have been incorporated, reinforcing the national mission toward cleanliness and sanitation. On the obverse, the familiar portrait of Mahatma Gandhi retains its traditional placement, ensuring continuity with earlier issues. In terms of dimensions, the new ₹100 note is slightly smaller than its predecessor yet marginally large...

Nidhi 2018 – International Seminar on South Indian Numismatics

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A lesson in Indian history, a tour around the South Indian Coinage - all this and more are on offer as all hobby lovers are in for a numismatic treat, with a one day seminar at Bengaluru on July 13, 2018. The international seminar on South Indian Numismatics, titled 'Nidhi 2018,' is organized by Falcon Coins Gallery. The event is scheduled to take place at West Fort Hotel Bengaluru and will be co-hosted by the 'Oriental Numismatic Society' and the 'Archaeological Survey of India' Bangalore circle. The numismatic seminar will include an overview of Pre-Satavahana Coins from Central India and Vidarbha, exploring their linkage with Satavahana Coins, presented by Dr. Amiteshwar Jha. Additionally, Mr. Mohit Kapoor, Mr. Pundalik Baliga, and Mr. Raman Sankaran will delve into the topic of 'tracing the origin and subsequent depiction of Gandabherunda coins.' The seminar will cover lectures on South Indian Coins by Shri. Prashant Kulkarni (Mughal Coinage of South...

New Definitive Coin Series Shortlisted

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The Government of India is preparing to introduce a new definitive coin series that will include denominations of ₹1, ₹2, ₹5, and ₹10. This upcoming series marks a significant update to India’s circulating coinage, with fresh themes and designs reflecting the nation’s evolving priorities.  The release is tentatively expected towards the end of this year, after which the coins will gradually enter general circulation through the Reserve Bank of India. A formal gazette notification from the Ministry of Finance, which is expected soon, will officially confirm the launch. The themes selected for this series—‘Agriculture,’  ‘Make in India,’  ‘Digital India,’  ‘ Beti Bachao Beti Padhao ,’   and ‘Swachh Bharat’—represent four vital pillars of India’s development agenda.  Each theme is likely to be depicted through thoughtful design elements, highlighting India’s commitment to technological progress, cleanliness and sanitation, and the agrarian backbone of the nat...

Vice President Releases Coins on Prasanta Chandra Mahalanobis

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The Hon’ble Vice President of India, Shri M. Venkaiah Naidu, released a ₹125 commemorative coin along with a ₹5 circulation coin on the occasion of Statistics Day and the 125th Birth Anniversary of P.C. Mahalanobis on Friday, June 29, 2018. The event was attended by Shri D. V. Sadananda Gowda, Minister of Statistics and Programme Implementation; Shri Bratya Basu, Minister of Information & Technology, Government of West Bengal; and several other dignitaries. Addressing the gathering in Kolkata, the Vice President emphasized that every citizen has an active role to play in nation-building. He highlighted that people are not merely beneficiaries but essential contributors to progress and positive change. Paying tribute to P.C. Mahalanobis, he described him as an iconic visionary who introduced the Indian subcontinent to modern statistics, and noted that his application-driven research laid the foundation for the contemporary official statistical system in India. The Vice President s...

MoF issues Gazette Notification for ₹125 Coin on P C Mahalonobis

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The Ministry of Finance has officially issued the gazette notification announcing the release of commemorative coins of ₹125 and ₹5 to mark the 125th Birth Anniversary of the eminent statistician Prasanta Chandra Mahalanobis . These coins are dated June 28, 2018, aligning with the nationwide observance of his remarkable contributions to the field of statistics. The Hon’ble Vice President of India, Shri M. Venkaiah Naidu, is scheduled to release the commemorative coins on the occasion of Statistics Day on Friday, June 29, 2018. According to an official statement, the Vice President will unveil these coins as a tribute to the extraordinary legacy of P.C. Mahalanobis—widely regarded as the architect of modern statistical systems in India and the founder of the Indian Statistical Institute. In 2007, the Government of India designated June 29 as Statistics Day to be celebrated annually at the national level. The day is observed to raise awareness about the indispensable role of statistics ...

New Denomination 20 Rupees for General Circulation Soon!

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The Government of India is reportedly preparing to introduce a new ₹20 coin into general circulation, marking a significant development in the evolution of modern Indian coinage.  According to early reports and circulating rumors, the proposed coin is expected to feature a bi-metallic composition and adopt a distinctive hendecagonal shape—an 11-sided design reminiscent of the earlier ₹2 coin that once held widespread familiarity among the public.  If these speculations come to fruition, the ₹20 coin will become only the second bi-metallic coin in regular circulation after the ₹10 coin, further expanding the diversity of India’s circulating currency. The introduction of a new coin denomination follows a structured and carefully considered process overseen by the Government of India. Decisions regarding the design, metal composition, size, weight, and issuance of coins fall under its direct purview. Once approved, these coins are produced by the nation’s four operational mints ...

Bank of Latvia Launches Innovative "Honey Coins"

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The Bank of Latvia will release an innovative collector coin "Medus coin" on Tuesday, May 22nd, the LETA told the Bank of Latvia.  The shape of the coin is a hexagon with wavy edges and loose peaks. The obverse of the coin depicts the bee cells, with a different intensity of maturity highlighting the contours of Latvia and the Gulf of Riga, the inscription "Latvia" and the year 2018 on the lower left side, while the back of the coin (the reverse) is the representation of the bee cell with matte, but from the center To the left is a little down, there is a number 5, below it - the inscription "euro".  "The shape of the coin is unique, and when they coincide with the coins, they form a single set, just like the bees' honey's loaves of honey," added the Bank of Latvia. "Honey coin" is made of silver and gilded. The Bank of Latvia pointed out that the collection "Honey coin" coin passed on to the first place winner ...