interesting facts about indian rupee

Post on 05-Aug-2015

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The World's First Paper Money 

was created in China 1,400 years ago.

Rupee is derived from the Sanskrit word “Rupyakam” - meaning a

“silver coin”.

The history of the rupee is dated back to 15th century with

the introduction of it by Sher Shah Suri. At that time, 40

copper pieces were equal to one rupee.

After the independence of India the first coins were introduced in 1950. It was made of Cupro-nickel. In 1964 aluminum coins were first introduced for up to 20 paisa. Stainless steel coins (10, 25, and 50) were first introduced in 1988.

For the first time in India, coins of 75, 150 and 1000 were minted. This was done to celebrate and honor the Reserve Bank of India’s platinum jubilee, 150th birth anniversary of Rabindranath Tagore and 1000 years of Brihadeeswarar Temple, respectively.

5,000 and 10,000 rupees notes were in circulation between 1954 and 1978. 

 After Independence, Pakistan used Indian Rupee notes stamped with 'Pakistan' until it could print enough.  

The Indian Rupee note is made up of cotton and cotton rag. Technically, it is not paper but

it looks and gives the feel of paper.

₹500 and ₹1000 notes are banned in Nepal. 

Our Indian currency have Braille signs to help the visually challenged, which helps the blind –identify currency note. There are identification mark’s on the left side of banknote, which have different shapes for 1000, 500, 100, 50, 20 and 10 as Diamond, Circle, Triangle, Rectangle, Square and None respectively.

Cost of minting a 10 ₹ coin

is 6.10 ₹ 

It is possible to find out which place a particular coin was minted at by determining the mark below the date of minting with this

table : 

In  1917, the ₹ was mightier than the $. 1 ₹= 13 USD to be precise. 

All notes carry an imprint of something Indian. Like the 20₹ note carries the imprint of the Andaman Islands. 

Zero rupee notes were issued by the NGO 5th Pillar to fight corruption. 

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