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After the enactment of the paper currency act in 1861, a series of banknotes and coins were issued in the honor of Queen Victoria in 1862 with her portrait on them. [ 5 ] As the business of counterfeit notes increased, this new chain was introduced in 1867 and was divided into 5, 10, 20, 50, 100, 500, 1,000 and 10,000 rupees notes.
By 1085, the output of copper currency reached 6 billion coins a year, compared to 5.86 billion in 1080. 327 million coins were minted annually in the Tang dynasty's prosperous Tianbao period of 742–755, and only 220 million coins minted annually from 118 BCE to 5 CE during the Han dynasty.
In 1260, the first year of Kublai Khan's rule, he issued two different Jiaochao notes. The first in July was backed by silk but was unsuccessful. The second was in October which used the silver standard. [1]: 37 It was the first paper currency to be used as the predominant circulating medium in the history of China. [2]
The Coinage Act of 1792 established the United States Mint and regulated the coinage of the United States. [3] The act created coins in the denominations of Half Cent (1/200 of a dollar), Cent (1/100 of a dollar, or a cent), Half Dime (also known as a half disme) (five cents), Dime (also known as a disme) (10 cents), Quarter (25 cents), Half Dollar (50 cents), Dollar, Quarter Eagle ($2.50 ...
5-sol French coin and silver coins – New France Spanish-American coins- unofficial; Playing cards – 1685-1760s, sometimes officially New France; 15 and a 30-deniers coin known as the mousquetaire – early 17th century New France
Just a few years before the Independence of India, the Reserve Bank of India Act, 1934 was passed which effectively repealed The Paper Currency Act, 1861. From now onwards, the Reserve Bank of India became the sole issuer of banknotes in India.
The acute shortage of silver during the First World War and the contributions of Hyderabad State to the British war effort led them to accept, in 1918, paper currency in denominations of ₹10/- and ₹100/- issued under the Hyderabad Currency Act. The currency was designated the Osmania Sicca (OS). Rupee One and Rupees Five notes were issued ...
c. 35) for New York to issue £120,000 in paper currency for public but not private debts. [13] Parliament extended these concessions to the other colonies in 1773 (13 Geo. 3. c. 57) by amending the Currency Act 1764, permitting the colonies to issue paper currency as legal tender for public debts. [10]