Search results
Results from the WOW.Com Content Network
Five-rupee coins, made from brass, are being minted by the Reserve Bank of India (RBI). In 1997 the 20 paise coin was discontinued, followed by the 10 paise coin in 1998, and the 25 paise in 2002. Between 2005 and 2008 new, lighter fifty-paise, one-, two-, and five-rupee coins were introduced, made from ferritic stainless steel.
The rupia was the currency of Portuguese India sometime after 1668 until 1958. [1] Prior to 1668, the currency unit was Xerafim (xerafin, xeraphin). In 1666, the Portuguese administration struck a silver coin calling it double xerafin and this was declared equal to a rupia in circulation in India outside of Portuguese possessions. [1]
Currently in India (from 2010 onwards), the 50 paise coin (half a rupee) is the lowest valued legal tender coin. Coins of 1, 2, 5, and 10 rupees and banknotes of 5, 10, 20, 50, 100, 200, 500, and 2000 rupees are commonly in use for cash transaction.
An anna (or ānna) was a currency unit formerly used in British India, equal to 1 ⁄ 16 of a rupee. [1] It was subdivided into four pices or twelve pies (thus there were 192 pies in a rupee). When the rupee was decimalised and subdivided into 100 (new) paise , one anna was therefore equivalent to 6.25 paise .
This is a list of tables showing the historical timeline of the exchange rate for the Indian rupee (INR) against the special drawing rights unit (SDR), United States dollar (USD), pound sterling (GBP), Deutsche mark (DM), euro (EUR) and Japanese yen (JPY). The rupee was worth one shilling and sixpence in sterling in 1947.
The coin was first introduced by Sher Shah Suri during his rule of India between 1540 and 1545, along with Mohur, the gold coin and Rupiya the silver coin. [1] Later on, the Mughal Emperors standardised the coin along with other silver ( Rupiya ) and gold ( Mohur ) coins in order to consolidate the monetary system across India.
In 1992, a new stainless steel rupee coin, smaller and lighter than the older rupee, was minted, alongside a 5 rupee Cupronickel coin. In 2005, the 10 rupee coin was minted for the first time. Higher denomination coins were introduced due to an increasing demand for change and the increasing cost of printing ₹2, ₹5 and ₹10 banknotes.
British Indian 1 rupee, 1917 Rupee gold coin of Princely State of Bahawalpur. The 1911 accession to the throne of the King-Emperor George V led to the famous "pig rupee". On the coin, the king appeared wearing the chain of the Order of the Indian Elephant. Through poor engraving, the elephant looked very much like a pig.