Historical facts about Indian currency and rupee

Get latest Recommend news and top breaking news live from India and around the world.Read this article: Historical facts about Indian currency and rupee and get latest news, current affairs and news headlines about indian currency.Stay with us!

There is a very interesting history of Indian Rupees issued and controlled by the Reserve Bank of India.

Let us go back to the history of currency of the Indian Republic and learn a bit more about the development of Indian rupee.

1. First Paper Money

Historical facts about Indian currency and rupee
Third party image reference

Interestingly, the first paper currency for Indian citizens was started in the 18th century. Private banks like Bank of India, Bank of Bengal, Bank of Madras and Bank of Bombay were the first to print currency.

2. Multilingual Notes

Third party image reference

A total of 17 languages ​​are visible on the notes of Indian rupees. Apart from Hindi and English on the front of the note, 15 languages ​​are displayed in the language panel on the back side of the bank note.

Notes of 5,000 and 10,000 rupees

Third party image reference

Between 1954 and 1978, there were circulation notes of Indian rupees of 5,000 and 10,000 rupees in circulation in the country. Interestingly, Indian currency notes were demonetized in 1946 and again in 1978.

4. Notes and Coins of Rs.1

Third party image reference

Although all the currency is produced by the Reserve Bank but under the center the Ministry of Finance has the right to print 1 rupee notes and coins. They are specially signed by the Finance Secretary.

5. Pakistan used Indian currency

Third party image reference

Immediately after independence in 1947, newly formed Pakistan used the Indian currency as its currency because there was a lack of minting body there. 'Pakistan' was stamped on Indian currency notes until they could print their currency in 1948.

6. Indian currency was used in many countries

Third party image reference

 In the beginning of the 20th century, rupee was the currency of many other countries including Kuwait, Qatar, Kenya, Bahrain, Oman, Uganda and Mauritius. It was after the 20th century that these countries gradually started changing their currencies.

7. There are notes of zero rupees too

Third party image reference

In order to curb corruption in the country, notes of zero rupees were presented in 2007 by a non-governmental organization named Fifth Stand. Payment of zero rupee notes is given to the government officials in bribe by angry citizens.

8. Symbol of Indian Rupees

Third party image reference

The symbol of Indian Rupee was adopted in 2010 and it was taken from Devanagari script "Ra". The symbol is designed by Uday Kumar.

9. minting of coins

Third party image reference

Due to lack of resources, the RBI had to make coins abroad in history. Interestingly, it is easy to find the place where any specific coin is made.

Friends, if you like this article then follow me

Get the latest breaking Recommend news from India & today's India news updates. Keep yourself informed with all the current news headlines about indian currency only on UC Browser. M.ucweb.com brings latest Recommend news and top breaking news live from all the states and cities of India that are happening.

UC Browser is the definitive source of updated and relevant news concerning Recommend and all the affairs related to indian currency.Follow the latest and live news in India on UC Browser. Stay updated on Recommend and the world with latest & breaking news on a daily basis. You can get the latest Recommend news on the go with UC Browser app.The app brings you the the fastest news on the go along with latest news stories, videos and photos about indian currency. Get upto-the-minute breaking news alerts and exclusive interviews and in-depth coverage on your device.



S Daniya M

Good information..... Tq for this article ...... [smile][clap]

5 Months ago


I learn something new

5 Months ago


Hey 👍

2 Months ago