On April 1st, Indian Prime Minister Narendra Modi introduced a special commemorative coin in recognition of the 90th anniversary of the Reserve Bank of India (RBI). The silver coin, valued at INR 90 and featuring the RBI emblem and the Lion Capital of the Ashoka Pillar, symbolizes the bank's significant role in India's financial landscape.
Reserve Bank of India Marks 90th Anniversary with Commemorative Coin Unveiling
On April 1st, Prime Minister Narendra Modi, along with Finance Minister Nirmala Sitharaman and Reserve Bank of India (RBI) Governor Shaktikanta Das, commemorated the 90th anniversary of the RBI by unveiling a special commemorative coin.
The coin, valued at Rs 90, is crafted from 99.99% pure silver, weighs approximately 40 grams, and symbolizes the RBI's significant contributions over the past nine decades. It bears the iconic RBI emblem, the inscription "RBI@90," and the national motto "Satyamev Jayate." Additionally, the coin features the Lion Capital of the Ashoka Pillar, embodying India's cultural heritage.
Established on April 1, 1935, pursuant to the recommendations of the Hilton Young Commission and the enactment of the Reserve Bank of India Act, 1934, the RBI serves as India's central banking authority. Throughout its existence, the RBI has played a pivotal role in shaping the nation's economy, maintaining financial stability, fostering economic growth, and providing financial services to the public.
The commemorative coin not only symbolizes the RBI's enduring legacy in India's financial landscape but also underscores the institution's ongoing commitment to fulfilling its mandate. It serves as a tangible reminder of the RBI's dedication to promoting monetary stability, fostering a sound financial system, and contributing to the nation's economic well-being.
The issuance of the commemorative coin is a fitting tribute to the RBI's unwavering efforts in guiding India's financial sector through various challenges and contributing to the country's economic progress. As the RBI embarks on the next chapter in its history, it remains poised to navigate the evolving financial landscape and continue fulfilling its crucial role in the nation's economic development.
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