D Uday Kumar the designer of symbol will be awarded by 2.5 lakh rupees. Almost 3000 designer participated in currency symbol competition.
Information and Broadcasting Minister, Ambika Soni told that government will try to adopt symbol within six months in the country and globally within 18 to 24 months.
The new symbol is a mix of Devanagri ‘Ra’ and Roman ‘R’. Ambika Soni, Information and Broadcasting Minister said after a cabinet meeting to the reporters that the symbol will be printed on Indian currency notes and coins.
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