Modi Unveils Commemorative Coin Marking RBI's 90th Anniversary

Marking the 90th anniversary of the Reserve Bank of India (RBI), Prime Minister Narendra Modi unveiled a commemorative coin on April 1st. The limited edition Rs 90 coin, crafted with pure silver, features the iconic RBI emblem, the Lion Capital of the Ashoka Pillar, and the national motto "Satyamev Jayate." The currency piece signifies the institution's legacy and its significance in India's financial stability.

Prime Minister Modi Unveils Commemorative Coin Marking 90 Years of Reserve Bank of India

Mumbai, April 1, 2024: India's Prime Minister, Narendra Modi, commemorated the 90th anniversary of the Reserve Bank of India (RBI) with the unveiling of a special coin on Monday. The ceremony, attended by Union Finance Minister Nirmala Sitharaman, RBI Governor Shaktikanta Das, and other prominent figures, witnessed the introduction of a distinctive Rs 90 denomination coin.

Crafted from 99.99% pure silver and weighing approximately 40 grams, the commemorative coin bears the iconic RBI emblem and the inscription "RBI@90," paying homage to the institution's enduring legacy and crucial role in ensuring India's financial stability. The coin also features the Lion Capital of the Ashoka Pillar, a symbol of India's cultural heritage, with the national motto "Satyamev Jayate" ("Truth Alone Triumphs") engraved in Devanagari script below.

Speaking at the event, Finance Minister Sitharaman highlighted the RBI's monetary tightening measures, which she credited with stabilizing government securities (G-Sec) yields and boosting investor confidence in the Indian economy. She lauded the RBI's unwavering commitment to price stability and financial inclusivity.

"The RBI's judicious policies have played a significant role in safeguarding our financial system from global headwinds," Sitharaman said. "The institution's dedication to innovation and modernizing the payment ecosystem has further strengthened India's economic resilience."

RBI Governor Das emphasized the central bank's focus on fostering sustainable economic growth while maintaining financial stability. He outlined the RBI's ongoing efforts to promote digital payments, improve financial literacy, and address the challenges posed by climate change.

"The RBI remains committed to its mandate of maintaining price stability while supporting sustainable economic growth," Das said. "We will continue to adapt our policies to meet the evolving needs of the economy and the financial system."

The commemorative coin is a testament to the RBI's enduring legacy and its vital role in shaping India's financial landscape. It serves as a tangible reminder of the institution's unwavering commitment to serving the nation's economic well-being and fostering financial inclusion.