Search results
Results from the WOW.Com Content Network
The Central Bank of Sri Lanka has issued commemorative coins since 1957. On 15 December 2010, to mark the 60th Anniversary, the Central Bank of Sri Lanka issued a frosted proof crown size multi-colour silver commemorative coin in the denomination of Rs. 5,000/-. It was the first multi-colour coin issued by the Central Bank.
The price of 16 Annas was 1 rupee in 1947. The demand for decimalization existed for over a century. Sri Lanka decimalised its rupee in 1869. The Indian Coinage Act was amended in September 1955 for the adoption of a decimal system for coinage. The Act came into force with effect from 1 April 1957. [12]
The Indian rupee sign ₹ is the currency symbol for the Indian rupee (ISO 4217: INR), the official currency of India. Designed by D. Udaya Kumar , it was presented to the public by the Government of India on 15 July 2010, [ 1 ] following its selection through an open competition among Indian residents.
The Soviets became the main arms supplier during the Gandhi years by offering cheap credit and transactions in rupees rather than in dollars. The easy trade deals also applied to non-military goods. Under Gandhi, by the early 1980s, the Soviets had become India's largest trading partner.
The Pakistani rupee depreciated against the US dollar until around the start of the 21st century, when Pakistan's large current-account surplus pushed the value of the rupee up versus the dollar. Pakistan's central bank then stabilized by lowering interest rates and buying dollars, in order to preserve the country's export competitiveness.
The Indus region, which covers most of the present-day Pakistan, was the site of several successive ancient cultures including the Neolithic (7000–4300 BCE) site of Mehrgarh, [32] [33] [34] and the 5,000-year history of urban life in South Asia to the various sites of the Indus Valley Civilisation, including Mohenjo-daro and Harappa. [35] [36]