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No, RBI Did Not Issue Rs 20, Rs 150, Rs 100 and Rs 1,000 Coins

WhatsApp messages and social media posts say that the RBI has already issued coins of Rs 20, Rs 100 and Rs 150.

Published
WebQoof
3 min read
No, RBI Did Not Issue Rs 20, Rs 150, Rs 100 and Rs 1,000 Coins
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News reports about the Reserve Bank of India prepping to release new Rs 200 notes has given an opportunity to WhatsApp hoaxsters and fake news specialists to dust off old pictures and recycle them with fake messages sparking confusion among many.

WhatsApp messages and social media posts like the one below say that the RBI has already issued a new one rupee note and coins of Rs 20, Rs 100 and Rs 150.

A variation of the message also shows a Rs 1,000 coin.

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So what’s the truth.

  1. The RBI’s website has no recent posts about new currency denominations. (Click here to view its press release section)

2. We used Google’s reverse image search and found the exact collage of photos going to back to 2016 in the weeks after demonetisation on 8 November 2016. Even the headlines that say ‘NDTV’ have dubious URLs, that’s because NDTV did not report it.

3. Is the one-rupee note real? Yes.

BOOM found at least two articles from 2015 where the same photos of a pink one rupee note are used. See Chandigarh’s Amar Ujala’s story – http://www.amarujala.com/photo-gallery/chandigarh/researve-bank-of-india-display-one-rupee-new-note

And a story on the blog thebetterindia – 6 Interesting Facts About The Newly Re-launched Rupee One Currency Note

According to a 30 May 2017 Press Trust of India story, printing of one rupee notes was discontinued in 1994 but relaunched in 2015. – ‘RBI to issue new pink-green one rupee notes

4. The one-rupee note is legal tender but what about the coins?

Turns out the coins are not legal tender but were issued as commemorative coins much to the delight of coin enthusiasts.

We found this December 2015 post from Mintage World – RBI issues coins of INR 75, INR 150, INR 1000!

Mintage World calls itself an online museum based in Mumbai that caters to numismatists, notaphilists and philatelists.

The Rs 1,000 coin was minted to commemorate 1,000 years of the Brihadeeswara temple in Thanjavur, according to a April 2015 article by The Hindu. – ‘Of Rs. 1,000 commemorative coins and a shortage of Rs. 5‘ It is not meant to be used as legal tender.

A 2013 Press Information Bureau (PIB) press release speaks about then Finance Minister P Chidambaram releasing a commemorative coin of Rs 20 – http://pib.nic.in/newsite/PrintRelease.aspx?relid=100519

(This article was first published in BoomLive and has been republished here with due permission. )

(Not convinced of a story you came across on social media and want it verified? Send us the details at WebQoof@TheQuint.com and we'll fact-check it for you. You can also read all our fact-checked stories here.)

(At The Quint, we are answerable only to our audience. Play an active role in shaping our journalism by becoming a member. Because the truth is worth it.)

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