The government will issue two commemorative coins to mark the G20 presidency. India holds the presidency of the G20 from December 1, 2022 to November 30, 2023, reported Business Line.
According to a gazette notification, “The coins of ₹100 and ₹75 denominations shall only be coined at the mint for issue under the authority of the Central Government on the occasion of ‘India’s G20 Presidency.”
The coins are being minted at a time when G20 meetings under India’s presidency are inching towards the leadership summit planned in September at New Delhi. This meeting is expected to see participation of 43 heads of delegations — the largest ever in G20.
Though commemorative coins are considered legal tender, they are not released for general circulation. One can source them from the specified agencies.
According to the notification, dimensions of both the coins will be similar. The shape will be circular with an outside diameter of 44 millimetres. The number of serrations will be 200.
The metal composition will be a quaternary alloy with a composition of silver (50 per cent), copper (40 per cent), nickel (05 per cent) and zinc (05 per cent).
The face of both the coins will bear the lion capital of Ashoka Pillar in the centre with the legend ‘Satyamev Jayate’ inscribed below, flanked on the left periphery with the word ‘Bharat’ in Devanagari script and on the right periphery with the word ‘India’ in English.
It shall also bear the Rupee symbol ‘ ₹’’ and denominational value of ‘100’ and ‘75’ in the international numerals below the lion capital. On the reverse face, the coins shall bear the design of the logo of India’s G20 Presidency in the centre.
The inscription ‘Vasudhaiva Kutumbakam’ shall be written in Devanagari script on the upper periphery of the coin and the inscription “ONE EARTH • ONE FAMILY • ONE FUTURE” in English shall be written on lower periphery of coins.