The 1906 Coinage Act, is a law that authorises the India Government Mints to strike all legal coinage in India.[1] Newly minted coins are placed into circulation by the Reserve Bank of India.[1] At the time the Act was enacted during the British Raj, the Act mandated standards for the fineness of silver coins,[2] but subsequent amendments lowered the silver content required for the coins.[3]
| THE INDIAN COINAGE ACT, 1906 | |
|---|---|
| Parliament of India | |
| |
| Territorial extent | India |
| Enacted by | 2 March 1906 |
| Status: In force | |
References
edit- ^ a b "40. Exchange, Coinage, and Currency" (PDF). Statistical Year Book India 2017. Government of India - Ministry of Statistics and Programme Implementation. 2017.
- ^ "British India Coinage". Reserve Bank of India. Retrieved 1 February 2024.
- ^ Pridmore, F. (1968). "Notes on Colonial Coins" (PDF). British Numismatic Journal. 37: 167. Retrieved 1 February 2024.