The Indian Coinage Act, 1906

THE INDIAN COINAGE ACT, 1906
Parliament of India
  • An Act to govern the laws related to Coinage and Mints in India
Territorial extentIndia
Enacted by2 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]

References

  1. ^ a b "40. Exchange, Coinage, and Currency" (PDF). Statistical Year Book India 2017. Government of India - Ministry of Statistics and Programme Implementation. 2017.
  2. ^ "British India Coinage". Reserve Bank of India. Retrieved 1 February 2024.
  3. ^ Pridmore, F. (1968). "Notes on Colonial Coins" (PDF). British Numismatic Journal. 37: 167. Retrieved 1 February 2024.