Press "Enter" to skip to content

Everything that you need to know about the Rs 20 coin launch

 

In India, the Reserve Bank of India (RBI) has the sole authority for the issuance of currency notes and coins except for Rs 1 notes and coins which only the Ministry of Finance has the authority to issue the same. The new Rs 20 coin was introduced in the year 2020, in March, and at that time, the Government had informed that it will be under circulation by May 2020. But due to the pandemic situation and continuous lockdowns during those months even during the last year, the circulation was delayed and later was postponed. It is being said and people are expecting Rs 20 coins to come into circulation very soon. 

Is the coin the same as the image that was leaked on the internet?

During all these delays and postponement, the new Rs 20 coin images got leaked on a website called Reddit which is a social news website and forum where content is socially curated and promoted by site members through voting. The registered users of Reddit are called Redditors and one of the Redditors released the images of Rs 20 coin which got viral within no time and all the websites are explaining about the same in their websites.

When a new coin or a note is going to be released, there is a different kind of excitement getting to see in people. The reason for this is not quite clear to anyone. But Rs 20 coin has impressed most of the people who came through its viral image and its features are as follows: 

What does the new Rs 20 coin look like? What are the shape and sizes? How is it prepared? 

It is in the shape of a 12 edged polygon or dodecagon and is being claimed that weighs around 8.54 grams with a 27 millimeter as its diameter. The coin has been made using materials like Zinc, Nickel, and Copper making the coin more durable under extreme conditions in comparison to other denomination coins. 

What is the font used on the coin?

The front side of the coin is embarked with an initial twenty in Devagiri and English fonts with a picture of grains and water depicting the ‘agricultural strength of our nation’. The backside of the coin is much more beautiful with an embossed  ‘Ashoka Pillar’ over it with imprints of India and Bharat on the right and left periphery. 

Why was the Rs 20 coin launch postponed? When was it planned initially?

Due to the Corona pandemic breakout in the entire nation during the last year, the release of the coin was further postponed which was supposed to happen in May 2020. But as per many sources, it is being claimed that it is going to be released soon in the public domain and will come into circulation very soon. Till now, after the release of the Rs 20 coin, INR 20 coin will be the highest denomination in the Indian coin category. Looking into current markets, Rs 20 coin makes up for almost one-third of a dollar value. 

When the Rs 20 coin will be launched? Can it be used for circulation?

The launch date of the Rs 20 coin has not yet been decided but it is being expected to be launched very soon. Till then Rs 20 notes can be used for making transactions as RBI has said that Rs 20 notes will still be a legal tender. Once Rs 20 coins will come into circulation, citizens will be at ease while making transactions of small amounts. So stay tuned for the launch of the Rs 20 coin. 

Be First to Comment

Leave a Reply

Your email address will not be published. Required fields are marked *