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 | |
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Parliament of India | |
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Territorial extent | India |
Enacted by | 2 March 1906 |
Status: In force |