Prime Minister Narendra Modi has launched a special ₹90 coin. This unique coin commemorates the RBI’s 90 years of operation, marking its enduring legacy in India’s financial landscape.
What Happened: The unveiling of the ₹90 coin by the prime minister took place in New Delhi, with the presence of Union Finance Minister Nirmala Sitharaman, RBI Governor Shaktikanta Das, and other notable figures.
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The coin, made from 99.99% pure silver and weighing around 40 grams, showcases the RBI emblem and the “RBI@90” inscription. It also features the Lion Capital of the Ashoka Pillar and the national motto “Satyamev Jayate” in Devanagari script, reflecting India’s rich cultural heritage and democratic ethos.
Since its establishment following the recommendations of the Hilton Young Commission and under the Reserve Bank of India Act of 1934, the RBI commenced its operations on April 1, 1935. The central bank has been pivotal in India’s development, particularly in the agricultural sector, and has played a key role in setting up essential financial institutions post-liberalization to enhance the country’s financial infrastructure.
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