Govt to Roll Out New 12-sided 20-rupee Coins Soon

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The new coin will be similar to the 10 rupee coin in certain aspects – it will also be a two-toned coin with a 27 millimetres diameter.

New Delhi: The government on Wednesday announced a new Rs 20 coin, which will bear the shape of a 12-edged polygon. The Ministry of Finance in a notification released on Wednesday listed a few characteristics of the new coins set to be rolled out soon.

The new coin will be similar to the 10 rupee coin in certain aspects – it will also be a two-toned coin with a 27 millimetres diameter.

The outer ring will be made of nickel brass (copper: 65 per cent, Zinc: 15 per cent and nickel: 20 per cent) while the centrepiece will be made of nickel brass (copper: 75 per cent, Zinc: 20 per cent and nickel: 5 per cent).

However, unlike the 10 rupee coin, there will be no serrations on the outer edge.

The government is also set to release the new series of prototypes of the Re 1, Rs 2, Rs 5 and Rs 10 coins.

People have claimed that some traders have refused some variants of the 10-rupee coin, assuming them to be fake.

Last year, the RBI issued a clarification saying that all 14 kinds of coins continue to be legal tender.

Unlike currency notes, coins have a longer life and hence, coins that are released over a long period continue to stay in circulation simultaneously, the RBI said.

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