Indian Coinage Act, 1906
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| Indian Coinage Act, 1906 | |
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| Imperial Legislative Council | |
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| Citation | Act No. 3 of 1906 |
| Territorial extent | India |
| Enacted by | Imperial Legislative Council |
| Enacted | 2 March 1906 |
| Repeals | |
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| Amended by | |
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| Repealed by | |
| Coinage Act, 2011 | |
| Status: Repealed | |
The Indian Coinage Act, 1906, 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]
References
[edit]- 1 2 "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.