new coin launched in india by rbi

new coin launched in india by rbi

This coin is rumored to be a fake one due to chaos on social media. However, the Reserve Bank of India (RBI) issued an official statement to address these rumors declaring that the old the design prior to 2011 is valid and is legal tender. [5]
It was later clarified by the Reserve Bank of India (RBI) that the “alleged fake” coin was the earlier 2008 design, which predated the adoption of the ‘₹’ symbol in 2010, and was still in legal circulation, along with the 2011 design and those refusing to accept it could face legal action. [11] [12] [10]

New coin launched in india by rbi
News Nation also found a Facebook post claiming the launch of Rs 1,000 coin. ‘1000 rupees coin…recently launched by RBI …Pls Share to All. ’ the Facebook post by one Rupinder Singh said. So, what’s the reality? Has RBI issued the new Rs 1000 coin? Well, the answer is tricky.
REAL STORY

A Rs 1000 coin was released as a commemorative coin in the year 2012 by the government to celebrate the thousand years of Brihadeeswara temple (dedicated to Shiva located at South bank of Kaveri river in Thanjavur, Tamil Nadu), reported The Times of India.
WHAT WE FOUND OUT ABOUT THE COINS

New coin launched in india by rbi
RBI hasn’t released any new notes of Rs. 5 and Rs. 2 in recent times. In the post, a currency note supposed to be of the value ‘Rs. 5’ has the text ‘pachaas rupaiye’ written on it. Hence it is a photoshopped image.
A Facebook post, with photos of Rs. 5000, Rs. 350, Rs. 5, Rs. 2 currency notes, is being shared with the claim that the Reserve Bank of India (RBI) has launched new notes. Let’s try to analyze the claim made in the post.

New coin launched in india by rbi
The RBI has not stated the exact number of coins to be minted. This may be a limited edition coin.
The circumference of the coin will be 44 millimetres, and a coin will be made up of Quaternary Alloy- Silver (50 per cent), Copper (40 per cent), Nickel (05 per cent), and Zinc (05 per cent).

References:

http://www.newsnation.in/fact-check/news/fact-check-has-reserve-bank-of-india-issued-rs-1000-coin-244954.html
http://www.thequint.com/news/webqoof/rbi-releases-new-125-rs-coin-1000-rupee-notes-fact-check
http://factly.in/rbi-hasnt-released-currency-notes-of-rs-5000-and-rs-350-denomination-or-any-new-coins/
http://m.economictimes.com/news/economy/policy/rbi-to-launch-rs-350-coin-all-you-want-to-know/articleshow/63475974.cms
http://en.m.wikipedia.org/wiki/Indian_10-rupee_coin