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In 1958, the government applied a new exchange rate of रु1.505 = ₹1 for the purchase of plane tickets only. A hard peg of रु1.60 = ₹1 was instituted in 1960, which was revalued to रु1.0155 = ₹1 when the Indian rupee was sharply devalued on 6 June 1966. [2] The Indian rupee ceased to be legal tender in Nepal in 1966. [2]
The Revised Standard Reference Guide to Indian Paper Money is a 2012 book by Rezwan Razack and Kishore Jhunjhunwalla. [1] [2] The book is a comprehensive compilation of facts, milestones, and other details regarding paper money in India. It was published in India by Coins & Currencies.
The low values of 1 and 2 rupees, and the special values of 25 and 250 rupees were not issued any more. The legends found on the last issues of Gyanendra revert to Nepal sarkar [check spelling] (“Nepali Government”), thus omitting the reference to the king.
The Indian rupee was the official currency of Dubai and Qatar until 1959, when India created a new Gulf rupee (also known as the "external rupee") to hinder the smuggling of gold. [16] The Gulf rupee was legal tender until 1966, when India significantly devalued the Indian rupee and a new Qatar-Dubai riyal was established to provide economic ...
Emblem of India: Value, hand showing thumb (an expression in the Bharata Natyam Dance) 2007: 2011 ₹ 1: 22 mm: 3.79 g: Ferritic stainless steel: Circular: Emblem of India: Value, new rupee sign, floral motif and year of minting: 2011: 2018 ₹ 2: 26 mm: 6 g: Cupro-Nickel: Eleven-sided: Emblem of India, Value: National integration: 1982: 2004 ...
* Chapter 3- Nepal: The Economy (Vishwa S. Shukla) o Economic Setting, Nepal o Role of Government, Nepal + The Five-Year Plans Five-year plans of Nepal + Other Development Programs o Budgeting Process, Nepal + Regular and Development Budget + Taxation o Money and Banking, Nepal o Foreign Trade, Nepal o Balance of Payments, Nepal o Foreign Aid ...
The mohar was the currency of the Kingdom of Nepal from the second half of the 17th century until 1932. Silver and gold mohars were issued, each subdivided into 128 dams. Copper dams were also issued, together with copper paisa worth 4 copper dams. The values of the copper, silver and gold coinages relative to one another were not fixed until 1903.
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