Significance of the Unique ₹90 Coin by RBI

Introduction to the ₹90 Denomination Coin

The Finance Ministry has unveiled a unique ₹90 denomination coin to commemorate the 90th anniversary of the Reserve Bank of India (RBI). This special coin, made with 99.99% silver purity, weighs around 40 grams, symbolizing the historical journey and accomplishments of the RBI over the past nine decades.

Design Features of the Coin

The coin's design reflects both cultural and institutional significance:

• Obverse Side: The front features the iconic RBI logo at its center, accompanied by the inscription “RBI@90” below, highlighting the institution's enduring legacy and its vital role in maintaining India’s financial stability.
• Reverse Side: The back showcases the Lion Capital of the Ashoka Pillar, a representation of India's rich heritage and democratic principles. The national motto “Satyamev Jayate” (Truth Alone Triumphs) is inscribed in Devanagari script beneath this emblem.

Significance of the Coin

This commemorative coin serves a dual purpose. It is not only a collector's item, appealing to numismatists and history enthusiasts, but it also pays homage to the RBI's crucial role in the economic development and financial regulation of India. The coin symbolizes the RBI's journey in shaping the country’s monetary policy and ensuring financial stability.

Conclusion

The release of the ₹90 coin marks a significant milestone in India's economic history. It stands as a testament to the RBI's contributions over the past 90 years, celebrating its legacy while also serving as a reminder of the challenges and achievements in the financial sector.

Frequently Asked Questions (FAQs)

Q1. What is the significance of the ₹90 denomination coin?
Answer: The ₹90 coin commemorates the 90th anniversary of the Reserve Bank of India, celebrating its legacy and contributions to India's financial stability and economic development.

Q2. What materials are used in the ₹90 coin?
Answer: The ₹90 denomination coin is crafted with 99.99% silver purity, emphasizing its quality and commemorative value.

Q3. What designs are featured on the ₹90 coin?
Answer: The coin features the RBI logo and “RBI@90” on the obverse side, while the reverse displays the Lion Capital of Ashoka Pillar and the motto “Satyamev Jayate” in Devanagari.

Q4. Is the ₹90 coin intended for circulation?
Answer: While it is a legal tender, primarily, the ₹90 coin serves as a commemorative item for collectors and enthusiasts rather than for general circulation.

Q5. How does this coin relate to India's financial history?
Answer: The coin symbolizes the RBI's pivotal role over the last 90 years in shaping monetary policy and ensuring financial stability in India’s evolving economy.

UPSC Practice MCQs

Question 1: What is the primary purpose of the newly released ₹90 coin?
A) To serve as a regular currency
B) To commemorate RBI's 90th anniversary
C) To celebrate Indian heritage
D) To promote financial literacy
Correct Answer: B

Question 2: What is the purity of silver used in the ₹90 coin?
A) 90%
B) 95%
C) 99.99%
D) 100%
Correct Answer: C

Question 3: Which inscription is found on the obverse side of the ₹90 coin?
A) Satyamev Jayate
B) RBI@90
C) Ashoka Pillar
D) Financial Stability
Correct Answer: B

Question 4: What does the reverse side of the ₹90 coin feature?
A) RBI logo
B) National flag
C) Lion Capital of Ashoka Pillar
D) Indian map
Correct Answer: C

Question 5: Is the ₹90 coin primarily intended for circulation?
A) Yes, for everyday transactions
B) No, it is mainly a collector's item
C) Yes, but only in rural areas
D) No, it is a souvenir
Correct Answer: B