RBI to issue new Rs 5 and Rs 10 coins
Reserve Bank said that the existing Rs 5 and Rs 10 coins shall continue to be legal tender even after the issue of new coins
Mumbai: The Reserve Bank of India (RBI) on Wednesday said that it will soon issue new Rs 10 and Rs 5 coins in circulation.
According to the RBI, the central government has minted new Rs 5 coins to commemorate the "150th Anniversary of Allahabad High Court" and Rs 10 coins on the occasion of "One Hundred Twenty-fifth Year of National Archives of India".
Besides, the Reserve Bank said that the existing Rs 5 and Rs 10 coins shall continue to be legal tender even after the issue of new coins.
The apex bank said that the reverse side of the Rs 5 coin shall bear the image depicting "Centre facade of Allahabad High Court Building emerging from the book".
"The year 1866-2016 in English numerals shall be written at the bottom of the image," the RBI said in a statement.
It said that Rs 10 coins' reverse side shall bear the image of "National Archives Building" in the centre.
"A logo of 125th Anniversary Celebration shall exist at the centre and above the image of 'National Archives Building'. The year 1916 and 2016 in international numerals shall be written respectively on left and right top of the image," the statement said.
RBI said all notes in the denomination of Rs 10 issued by the bank in the past will continue to be the legal tender
Top sources said the ordinance, which will be sent to the President for his assent shortly, will come into effect from December 31
The Rs 10 coin with rupee symbol and without rupee symbol, are both legal tender