The Prime Minister, Shri Narendra Modi addressed the opening ceremony of RBI@90, a program marking 90 years of the Reserve Bank of India, in Mumbai on April 1.
Rs 90 coin
- Shri Modi also released a Rs 90 denomination commemorative coin to mark 90 years of RBI.
- This coin is made with 99.99% pure silver and weighing around 40 grams. It symbolises the rich history and accomplishments of the RBI spanning nine decades.
- The coin highlights the renowned RBI emblem in the centre, accompanied by the inscription “RBI@90” beneath, representing the institution’s enduring heritage and role in maintaining India’s financial resilience.
- The coin displays the Lion Capital of the Ashoka Pillar, an emblem of India’s cultural heritage and democratic principles, with the national motto “Satyamev Jayate” (Truth Alone Triumphs) engraved in Devanagari script below.
RBI
- The Reserve Bank of India (RBI) commenced its operations on the 1st of April in 1935.
- The RBI serves as the country’s central bank and operates under the regulatory framework outlined in the Reserve Bank of India Act, 1934, along with the recommendations of the Hilton Young Commission.
