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How colours, sizes of Indian currencies changed in five years

Last updated on - Mar 9, 2019, 11:24 IST
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Changes in Indian currencies: Things to know

Ever since demonetisation, the government has been busy introducing new currency either in the form of issuing new denomination notes or redesigning some of the existing denominations or simply introducing new series of coins. As Prime Minister Narendra Modi completes his full term in office, we take a look at how the look, colour, size and feel of your wallet's contents have changed in these five years.

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'Sole right' under the Coinage Act

The Coinage Act, 1996 gives the sole right to mint coins to the government of India. While, section 22 of the Reserve Bank of India Act, 1934 gives the central bank the sole authority to issue notes (of up to Rs 10,000).

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The 'new series' of coins

A new series of 'visually impaired friendly circulation' coins were introduced by Prime Minister Narendra Modi (right in picture) on March 7. The coins are in the denomination of Re 1, Rs 2, Rs 5, Rs 10 and Rs 20. The exact date of issuance of these coins is yet to be announced.

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New Rs 20 'dodecagon' coin

For the first time, the government of India has announced a new Rs 20 coin which will be shaped like a 12-edged polygon (dodecagon). The face of the coin will bear the Lion Capital of Ashoka Pillar with the legend "Satyamev Jayate" inscribed below, flanked on the left periphery with the word "Bharat" in Hindi and on the right periphery with the word "INDIA" in English.

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Dimension of the new Rs 20 coin

The new Rs 20 coin will weigh 8.54 gram and its outside diameter will be 27 mm with the outer ring made of nickel silver and the centre piece of nickel brass.The reverse side of the coin is flanked with the design of grains depicting the agricultural dominance of the country.

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The new Rs 10

The RBI issued the first Rs 10 coin nearly 10 years ago in March 2009. Since then there have been 13 iterations of the coin which lead to confusion that the coins could be fake. However, the central bank later issued a clarification last year saying all 14 kinds of coin continue to be legal tender. A new Rs 10 coin was announced on March 7 this year. Also, a new chocolate brown colour note was also issued on January 5, 2018, featuring the Konark Sun temple on the reverse.

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The fluorescent Rs 50

A new Rs 50 note was designed and announced, post demonetisation, on August 19, 2017. The fluorescent blue note had the Hampi Chariot on the reverse side. However, the old Rs 50 note also continues to be a legal tender.

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The commemorative Rs 75 coin

The government announced a commemorative Rs 75 coin on the occasion of the 75th anniversary of Netaji Subhash Chandra Bose hoisting the tricolour for the first time at Port Blair.

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New Rs 100

The new Rs 100 note was redesigned and issued on July 19, 2018 with 'Rani Ki Van in Gujarat' on its back. The note is lavender in colour. PM Modi also released a commemorative Rs 100 coin in memory of former PM Atal Bihari Vajpayee on Christmas eve last year. However, the old Rs 100 note also continues to be valid legal tender.

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New yellow coloured Rs 200 note

A bright yellow coloured Rs 200 note was launched on August 25, 2017, featuring the 'Sanchi Stupa' on the reverse.

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Rs 500 note introduced after demonetisation

The government banned the Rs 500 currency in circulation on November 8, 2016 overnight as part of its demonetisation drive. A new stone grey coloured note on November 10, 2016, featuring the Red Fort on the reverse, was issued.

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The highest denomination currency note in circulation: Rs 2,000

In another firsts, a magenta colour Rs 2,000 note was issued by the government, along with the new Rs 500 note post the note ban drive. The back side of the new note features 'Mangalyaan', India's first interplanetary space mission. The sizes of the currencies introduced post demonetisation are smaller than their previous one, for instance Rs 50, Rs 500 and Rs 500.

Top Comment
H
Hemaraj Akkali
2634 days ago
The new currencies looks like lottery tickets.
Read allPost comment
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