Author Topic: Rumours of 20 Rupees coin  (Read 772 times)

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Offline chrisild

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Re: Rumours of 20 Rupees coin
« Reply #15 on: August 07, 2018, 06:11:42 PM »
Saw a link to this article (from mid-June) the other day. Any more recent info regarding the ₹20 coin?

Christian

Offline Pabitra

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Re: Rumours of 20 Rupees coin
« Reply #16 on: August 08, 2018, 05:52:31 AM »
The text says Bimetallic but shows a monometalic example.

The whole series is under redesign.
The work was awarded to NID ( National Institute of Design), Ahmedabad, about a month back.
Prof AK Sinha ( who designed the three series, minted 2004-10) in longer in service and work is being done by Prof Subir Das.

Should be out by end of this year.

See

http://www.worldofcoins.eu/forum/index.php/topic,42912.0.html

Offline redlock

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Re: Rumours of 20 Rupees coin
« Reply #17 on: August 08, 2018, 08:24:02 AM »

Should be out by end of this year.

The coins or merely the design (and metal composition) of the coins?

Offline Pabitra

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Re: Rumours of 20 Rupees coin
« Reply #18 on: August 08, 2018, 03:52:31 PM »
Next year is a General Election year.
Political mileage can be obtained only if it is issued this year.

On one hand, vaults of RBI are full upto brim with minted coins ( RBI refused to accept more and mints stopped minting) whereas there is shortage of coins reported in many parts. All this due to impractical distribution system.
Even if the new coins are designed, approved and minted, their availability to general public is not likely.
I expect some special mode to issue and ensure actual circulation sometime between October and December 2018, barring unforeseen circumstances.

Offline redlock

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Re: Rumours of 20 Rupees coin
« Reply #19 on: August 08, 2018, 07:45:06 PM »
@Pabitra: Thanks for the explanation  8)