Celebrating 90 Years of RBI: PM Modi Unveils Special Rs 90 Coin

Celebrating 90 Years of RBI

Celebrating 90 Years of RBI

PM Modi Unveils Special Rs 90 Coin

Prime Minister Narendra Modi recently marked a significant milestone in India's financial history by releasing a special commemorative coin valued at Rs 90, celebrating the completion of 90 years of the Reserve Bank of India (RBI). This unique coin, crafted from 40 grams of pure silver, is not just a testament to the longevity of the institution but also a symbol of India's rich numismatic heritage.

A Historic Moment

The Reserve Bank of India, the country's central banking institution, reached its 90th year, a remarkable journey marked by unwavering commitment to financial stability and economic growth. To honour this milestone, PM Modi unveiled a first-of-its-kind coin in India's currency history – a Rs 90 denomination coin made entirely of pure silver (99.9 per cent silver).

Design and Features

Crafted meticulously at the Government of India's mint, this commemorative coin bears the hallmark of quality and craftsmanship. The coin weighs 40 grams, is made from 99.9 per cent pure silver, and boasts a striking design. On one side, it proudly displays the iconic RBI logo, symbolising the institution's authority and integrity. On the reverse side, the denomination 'Rs 90' is inscribed prominently, flanked by the bilingual inscription of 'India' in Hindi and English, signifying the nation's linguistic diversity and unity.

Furthermore, the upper perimeter of the coin features the phrase 'Reserve Bank of India' in Hindi, while the lower perimeter presents the same inscription in English. Below the logo, 'RBI @ 90' is elegantly etched, encapsulating the essence of this celebratory occasion.

Price and Availability

While the face value of the coin is Rs 90, its premium value surpasses this nominal amount. Reports suggest that this exquisite collectable is estimated to be priced between Rs 5200 to 5500, reflecting its intrinsic value and rarity. With such anticipation surrounding its release, coin enthusiasts and banking professionals alike eagerly await the opportunity to add this prized possession to their collections.

Acknowledging RBI's Contribution

In his address, Prime Minister Modi lauded the pivotal role played by the Reserve Bank of India in shaping the country's financial landscape over the past nine decades. He emphasised the institution's crucial role in ensuring the stability of the banking system and fostering financial inclusion. Indeed, the RBI's efforts have not only safeguarded the interests of the common people but also propelled India towards economic resilience and prosperity.

Conclusion

As we celebrate the 90th anniversary of the Reserve Bank of India, the release of the special Rs 90 coin stands as a poignant tribute to the institution's enduring legacy. Beyond its monetary value, this commemorative coin serves as a tangible reminder of India's rich heritage and the remarkable journey of its central banking authority. As we look towards the future, let us continue to cherish and uphold the principles of financial prudence and inclusivity that have guided the RBI's noble endeavours for nine decades and counting.

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