RBI Marks 90th Anniversary with Historic Silver Commemorative Coin

To mark the 90th anniversary of the Reserve Bank of India (RBI), Prime Minister Narendra Modi has unveiled a commemorative silver coin worth INR 90. This meticulously crafted coin weighs 40 grams and is composed of 99.9% pure silver, featuring the RBI logo on one side and the denomination on the other. While the estimated market value of the coin is anticipated to be between INR 5200 and 5500, it is expected to become a highly prized item among coin collectors and enthusiasts alike.

Reserve Bank of India Commemorates 90th Anniversary with Special Silver Coin

New Delhi, India - Prime Minister Narendra Modi today unveiled a commemorative coin marking the 90th anniversary of the Reserve Bank of India (RBI), India's central bank. The coin, minted from 40 grams of pure silver, is a testament to the RBI's pivotal role in shaping India's economy over the past nine decades.

Unique Features and Historic Significance

This commemorative coin is a first-of-its-kind, as it is the first time a coin of 90 rupees has been issued in India. Its design embodies the rich legacy of the RBI, featuring its logo prominently on one side. The other side bears the denomination "90 Rupees," inscribed in both Hindi and English.

The coin's weight and purity are equally noteworthy. It weighs 40 grams and is composed of 99.9% pure silver, making it a valuable collector's item. Previous commemorative coins were issued during the RBI's Golden Jubilee in 1985 and Platinum Jubilee in 2010.

Estimated Value and Collector's Enthusiasm

Following its launch, the coin is expected to be sold at a premium above its face value. Experts estimate that it will fetch around 5,200 to 5,500 rupees in the numismatic market. This has generated considerable excitement among coin collectors and bank employees nationwide.

The release of this commemorative coin was authorized by a gazette notification issued by the Department of Economic Affairs, Ministry of Finance, on March 19, 2024.

Prime Minister Praises RBI's Contribution

Speaking at the commemorative event, Prime Minister Modi lauded the RBI's invaluable contribution to India's banking system. He emphasized that the RBI's policies and initiatives have directly impacted the financial well-being of ordinary citizens. He also highlighted the RBI's efforts in extending financial inclusion to marginalized communities.

Conclusion

The Reserve Bank of India's 90th anniversary commemorative coin is a fitting tribute to the institution's enduring significance. It underscores the RBI's commitment to monetary stability, financial regulation, and economic progress. As a tangible reminder of the RBI's legacy, the coin is expected to become a cherished possession for coin collectors and a testament to India's economic journey.