Centre to launch Rs 75 coin to mark the opening of new Parliament building

Centre to launch Rs 75 coin to mark the opening of new Parliament building

The Centre will launch a special commemorative Rs 75 coin to mark the opening of the new Parliament building, the ministry of finance said in a notification on Thursday.

"The coin of seventy five rupees denomination shall be coined at the mint for issue under the authority of the central government on the occasion of inauguration of new Parliament building," it said.

In India, the responsibility of designing and minting coins vests with the Centre under the Coinage Act, 1906. The Reserve Bank of India (RBI) is responsible for circulating these coins.

"These rules may be called the coinage (Issue of commemorative coin on the occasion of inauguration of new Parliament building) rules, 2023," the notification read.

According to the notification, Rs 75 coin will be circular in shape with a diameter of 44 millimetres. It will have 200 serrations.

The coin will be composed of a quaternary alloy with 50 per cent silver, 40 per cent copper, 5 per cent nickel, and 5 per cent zinc.