Indian Currency Evolution 1917 to 2022
Автор: SHORTS TIME
Загружено: 2022-09-25
Просмотров: 2072
Описание:
Indian currency evolution 1917 to 2022
Highlights
Indian currency system started 30 November 1970
Britishers rule
first Indian currency is a coins and then after Rs 1 was first introduced on 30 Nov 1917, followed by Rs 2 and 8 annas, and was discontinued on 1 Jan 1926. First post-Independence coins issued in 1 pice, 1.2, one and two annas, 1.4, 1.2 and Rs 1 denominations. Hindi was displayed prominently on the new notes, and plural of rupaya 1954 was decided to be rupiye
The Indian rupee (symbol: ₹; code: INR) is the official currency of India. The rupee is subdivided into 100 paise (singular: paisa), though as of 2019, coins of denomination of 1 rupee are the lowest value in use. The issuance of the currency is controlled by the Reserve Bank of India. The Reserve Bank manages currency in India and derives its role in currency management on the basis of the Reserve Bank of India Act, 1934.
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