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RBI Monetary Museum or Reserve Bank of India Monetary Museum is a museum in Fort, Mumbai that covers the evolution of money in India, from the earliest barter system and the use of cowries to paper money, coins, stock markets and modern-day electronic transactions.
The corporation was incorporated by taking over two security presses at Nashik and Hyderabad, two currency note presses at Dewas and Nashik, four mints at Mumbai, Kolkata, Hyderabad and Noida and one security paper mill at Narmadapuram which were working under the direct administrative control of the Ministry of Finance and the Department of Economic Affairs.
It operates in Indian and global markets, catering to security document needs of Central banks and monetary authorities of the world by designing, printing and supplying banknotes. BRBNM supplies a major portion of bank note requirement in the country with the remaining requirements met through Security Printing & Minting Corporation of India ...
The RBI controls the monetary supply, monitors economic indicators like the gross domestic product and has to decide the design of the rupee banknotes as well as coins. [67] RBI uses methods like on-site inspections, off-site surveillance, scrutiny and periodic meetings to supervise new bank licences, setting capital requirements and regulating ...
In the intermediate times there was no fixed monetary system as reported by the Great Tang Records on the Western Regions. [ 5 ] Sher Shah Suri , during his five-year rule from 1540 to 1545, set up a new civic and military administration and issued a coin of silver, weighing 178 grains , which was also termed Rupiya .
A postcard depicting the Mint. The India Government Mint, Mumbai is one of the four mints in India and is in the city of Mumbai.The mint was established in 1824 by the then governor of the Bombay Presidency. [1]
[16] [20] [23] The RBI was established to regulate the issuance of banknotes, maintain reserves to secure monetary stability, and operate India's currency and credit systems. [24] In 1937, the RBI relocated its central office from the Currency Building to Bombay. [16] [20] [23] From 1937 to 1994, the building remained in use, but it suffered ...
Since its establishment in 1934 by the government of India, the RBI has had 63 deputy governors. Currently the rank of deputy governor is equivalent to the rank of secretary to the govt. of India. The term of office typically runs for three years and can, in some cases, be extended for another two years.