Indian rupee is the official currency of the Republic of India. The rupee is made up of 100 paise. The Reserve Bank of India releases the rupee only. Reserve Bank of India monitors the rupee according to Act 1934 of the Reserve Bank of India. The origin of the word Rupiah is coined with a silver coin. It was first of all released by Sultan Sher Shah Suri in the 16th century, which lasted till the Mughal rule. Let us know Indian rupee - interesting facts and story
The origin of Rupee is rooted in Sanskrit rupaya or rupyah, which means silver is and the meaning of rupyakam is a silver coin.
Today, the Indian Rupee, which is a coin, is a direct descendant of Rupees issued by Sher Sur Suri (1540-1545), which was carried forward by the Mughal rulers.
The first silver coin weighed 178 grains (11.53 grams).
Approximately 6th century BC Ancient India was the leading country to issue coins in the world.
The circulation of coins by Sher Shah Suri continued till the British rule.
First of all the papers were made by Indian private banks: - Bank of Hindustan (1770-1832), General Bank of Bengal and Bihar (1773-75) and Bengal Bank (1784-91).
In 1861, the Indian government released the currency of the first paper.
- The 'r' mark made by Dr. Uday Kumar in 2010 was officially adopted as a new mark of Rs.
In 1938 the notes of Rs 5,000 and Rs 10,000 were printed by the Reserve Bank of India. These notes were closed in 1946. After this, these notes were released once again in 1954 and they remained in force till 1978.
After Independence, Pakistan used to stamp its currency on Indian currency. They did so until they got enough money in their own money.
Apart from Hindi and English, there are 15 languages written above every note.
Gandhiji's picture on notes of Indian currency is not hand-made. It is a part of the photograph taken by Gandhiji in 1947. In the real picture, Gandhiji is laughing at a person standing near him.
In 2007, there was a shortage of coins of 5 rupees in Calcutta. This was because these coins were being smuggled to make a blade in Bangladesh. Due to the decrease, shopkeepers used to buy these coins at an expensive price for beggars.
The first printed note in independent India was of one rupee.
At present, cotton and cotton pieces are used in making paper currency.
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