Post on 15-Aug-2015
transcript
INDIAN CURRENCY
Some lesser known & mind blowing facts!!
The Indian rupee is the official currency of the Republic of
India. The issuance of the currency is controlled by
the Reserve Bank of India.
₹1000 is the largest denomination of today, but
before independence — 10,000 and 5000 rupees
currency notes existed. RBI demonetized all such notes in 1938, and reissued them in
1954 and once again demonetized them in 1978.
You have noticed the year of issue on a coin,
but have you ever noticed the different
symbols below the year? These symbols are
actually specifying where they originated.
Noida – have a dot Mumbai – have a
diamond Hyderabad – have a
star Kolkata – Nothing
beneath the year
At one point there were two currencies operating in India. It was Hyderabad
Rupee from 1918 to 1959. It coexisted with Indian rupee from 1950.
When Pakistan was in its infancy after India-Pak
separation in 1947, they used Indian currency with
"Pakistan" stamped on it for the first few months till there
was enough circulation of Pakistani notes.
The First 1 Rupee Notes were issued on 30th November, 1917 bearing photo of King George V.
These were issued in a form of unstapled packet of 25 notes, printed on White
hand-made moulded paper and signed by
any of the 3 signatories who were M. M. S.
Gubbay, A. C. Mc Watters & H.
Denning.
A major difference between the one rupee note and other notes are that all
RBI notes have the statement “I promise to pay the bearer a sum of xxx rupees” but one rupee note does not
have this statement.
Gandhi’s facial image in Indian Notes was a photo shot. The real picture was taken in 1946 by an unknown
photographer.
That picture had been developed into a mirror image and then the same has been imaged in
the Indian Rupee currencies.
Because of the increasing
demand for coins, the
Indian government minted coins
in foreign countries at
various points in the
country's history.
Diamond mark under
the date 1998.
A five pointed star under the
date of the coin exactly below the first or last digits of dates.
(Royal Mint, UK) - A small dot under the
date of the coin but exactly
below the first digit of date.
BIRMINGHAMSEOULPRETORIA
Ornamental/
decorated letter "H"
under the last digit of the
date .
"C" mint mark under the date of
the coin.
"M" mint mark under the date
of the coin.
BIRMINGHAMOTTAWAHEATON PRESS
₹1000 note: It was reissued in 2000. It
depicts modern India.
₹500 note: It was reissued in 1987. It
shows Dandi March (11 statues).
₹100 note: It depicts Himalayan range (non-
living ecology).
₹50 note: It depicts Parliament.
₹20 note: It depicts living ecology.
₹10 note: It depicts wildlife.
₹5 note: It depicts agriculture (green
revolution).