The Indian Coinage Act, 1906 Explained

Short Title:THE INDIAN COINAGE ACT, 1906
Legislature:Parliament of India
Long Title:An Act to govern the laws related to Coinage and Mints in India
Territorial Extent:India
Enacted By:2 March 1906
Status:in force

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]

External links

Notes and References

  1. Book: Statistical Year Book India 2017. Government of India - Ministry of Statistics and Programme Implementation. 40. Exchange, Coinage, and Currency . https://www.mospi.gov.in/sites/default/files/Statistical_year_book_india_chapters/Ch_40_SYB2017.pdf . 2017.
  2. Web site: British India Coinage . Reserve Bank of India . 1 February 2024 .
  3. Pridmore . F. . Notes on Colonial Coins . British Numismatic Journal . 37 . 167 . 1968 . 1 February 2024 .

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