Indian Coins | New Coin Releases

Category Archives: Indian Coins

Culture Ministry Releases Coins to Mark 500th Anniversary of Hindu Saint

NEW DELHI: Union culture ministry on Friday released a commemorative non-circulation Rs 500 coin and a Rs 10 circulation coin as part of the yearlong celebrations marking the 500th anniversary of Hindu saint and social reformer Shri Krishna Chaitanya Mahaprabhu’s visit to Vrindavan.

Narendra Kumar Sinha, secretary, ministry of culture released the coins as the government is commemorating the 500th anniversary of Krishna Chaitanya Mahaprabhu’s Coming to Vrindavan by organising various programmes and exhibitions on Krishna Chaitanya Mahaprabhu’s life and teachings in association with Vrindavan Research Institute and ISKCON.

Read more at the source: New Indian Express

India threatens legal action if coin is refused

The U.S. golden dollar coins may not be popular, but at least you won’t face legal action if you refuse to accept them. The same is not true if you refuse to accept the 10-rupee coin in commerce in India.

On Sept. 20 the Reserve Bank of India confirmed the much-embattled 10-rupee coin is still in circulation despite rumors otherwise, while stating anyone who refuses to accept the coin could face legal action. It appears this harsh warning may be necessary since the public is widely rejecting the coin, even if it is for all the wrong reasons.

Be sure to continue to read at the source: Numismatic News