NO PROPOSAL TO INTRODUCE ₹50 COIN, FINANCE MINISTRY TELLS DELHI HIGH COURT
The Finance Ministry has clarified before the Delhi High Court that there is no plan to introduce a ₹50 coin in the Indian currency system. The submission was made in response to a Public Interest Litigation (PIL) that sought the introduction of a ₹50 coin to enhance denomination choices for consumers and reduce currency printing costs.
A division bench headed by Chief Justice Manmohan took note of the government’s position, effectively concluding that the Reserve Bank of India (RBI) and the central government are not considering this denomination at the current time.
VIZZVE FINANCE INSIGHT
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A timeline of the PIL proceedings
Historical context of high-value coins in India
A comparison with other countries’ high-denomination coins
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SEO-OPTIMIZED CONTENT: ₹50 COIN NOT IN THE PIPELINE, SAYS FINANCE MINISTRY
Legal Push for New Coin Denomination Rejected
The Delhi High Court was hearing a PIL that argued for better denomination diversity in the coinage system, particularly citing the gap between ₹20 and ₹100. However, the government stated that existing denominations suffice and there’s no policy need for a ₹50 coin.
How Coins Are Issued in India
In India, coins are minted by the Ministry of Finance but designed and approved in coordination with the Reserve Bank of India. Denomination, size, shape, and metal composition are based on economic need, cost of minting, and public usability.
FREQUENTLY ASKED QUESTIONS (FAQ)
Q1: Is a ₹50 coin currently being circulated in India?
A: No. There is no ₹50 coin in circulation, and no proposal to introduce one has been made by the Finance Ministry.
Q2: Why did someone request a ₹50 coin in court?
A: A PIL suggested a ₹50 coin would fill the gap between ₹20 and ₹100, making transactions easier and potentially reducing printing costs.
Q3: What did the Finance Ministry say?
A: The Finance Ministry told the Delhi High Court that there is no current proposal for a ₹50 coin and no such plan is under consideration.
Q4: Who is responsible for coin issuance in India?
A: The Ministry of Finance mints coins, while the RBI coordinates issuance, distribution, and design.
Q5: Are there any coins above ₹20 in India today?
A: No, currently the highest coin denomination in regular circulation is ₹20.
Published on: July 10, 2025
Published by: PAVAN
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