By IANS,
New Delhi: The Reserve Bank of India Tuesday said it will shortly circulate coins of Rs.5 denomination to commemorate 100 years of civil aviation in the country.
The apex bank in a statement said the commemorative coins will be a legal tender under the provisions of the Indian Coinage Act, 1906.
According to the bank, the reverse side of the coin will bear the picture of an aircraft and 100 years. It will also have ‘civil aviation’ on the top and the years 1911-2011 at the bottom.
“The face of the coin shall bear the picture of an aircraft and figure ‘100’ with words ‘years’ in the centre flanked by words on the upper periphery and ‘Civil Aviation’ followed by ‘India’ below the figure ‘100’,” the statement said.
The country is celebrating 2011 as the centenary year of the first commercial flight in the country which took place on Feb 18, 1911, between Allahabad and Naini.
The existing RS.5 coins will also continue to be legal tender, said the RBI.