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The history of money is the development over time of systems for the exchange of goods and ... In India the earliest paper money was issued by Bank of Hindostan (1770 ...
Although ancient India had a significant urban population, much of India's population resided in villages, whose economies were largely isolated and self-sustaining. [citation needed] Agriculture was the predominant occupation and satisfied a village's food requirements while providing raw materials for hand-based industries such as textile, food processing and crafts.
The Revised Standard Reference Guide to Indian Paper Money’’ includes high resolution colour images of notes from Semi-Government and Presidency Banks, which functioned until 1861. The Government of India ( British Raj ) then undertook the issue of banknotes in 1861, and that is when all Early, Private, and Presidency Banks’ currency ...
The Indian government introduced the Gulf rupee as a replacement for the Indian rupee for circulation outside the country with the Reserve Bank of India (Amendment) Act of 1 May 1959. [105] The creation of a separate currency was an attempt to reduce the strain on India's foreign reserves from gold smuggling.
Indian cultural influence (Greater India) Timeline of Indian history. Chandragupta Maurya overthrew the Nanda Empire and established the first great empire in ancient India, the Maurya Empire. India's Mauryan king Ashoka is widely recognised for his historical acceptance of Buddhism and his attempts to spread nonviolence and peace across
Bopearachchi, Osmund; Cribb, Joe (1992), "Coins illustrating the History of the Crossroads of Asia", in Errington, Elizabeth; Cribb, Joe; Claringbull, Maggie (eds.), The Crossroads of Asia: transformation in image and symbol in the art of ancient Afghanistan and Pakistan, Ancient India and Iran Trust, pp. 57– 59, ISBN 978-0-9518399-1-1
In 1991, India still had a fixed exchange system, where the rupee was pegged to the value of a basket of currencies of major trading partners. India started having the balance of payments problems since 1985, and by the end of 1990, it found itself in serious economic trouble. The government was close to default and its foreign exchange ...
The pagoda was issued by various dynasties in medieval southern India, including the Kadambas of Hangal, the Kadambas of Goa, and the Vijayanagara Empire. [2] There were two types of pagoda coined by foreign traders: The most valuable was the star pagoda, 100 of them were worth 350 rupees, issued by the English East India Company at Chennai.