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Charles Canning, 1st Earl Canning first introduced paper currency in Indian subcontinent in 1861 officially. India has a rich tradition of financial instruments and hundi. In the modern sense, paper currency was introduced in India in the last half of the eighteenth century when private and semi-public banks began to introduce currency.
In 1861, the Government of India introduced its first paper money: ₹ 10 note in 1864, ₹ 5 note in 1872, ₹ 10,000 note in 1899, ₹ 100 note in 1900, ₹ 50 note in 1905, ₹ 500 note in 1907 and ₹ 1,000 note in 1909. In 1917, ₹ 1 and ₹ 2 1 ⁄ 2 notes were introduced.
Papyrus. The word "paper" is etymologically derived from papyrus, Ancient Greek for the Cyperus papyrus plant. Papyrus is a thick, paper-like material produced from the pith of the Cyperus papyrus plant which was used in ancient Egypt and other Mediterranean societies for writing long before paper was used in China.
The Bower Manuscript on birch bark (c. 450 CE) A fragment of a birch bark scroll in Sanskrit, in the Brāhmī script, was part of the British Library Gandhara scroll collection. It is presumed to be from North India, dating to sometime during the first few centuries CE. [6] Birch bark manuscripts in Brāhmī script were discovered in an ancient ...
India paper is a type of paper which from 1875 has been based on bleached hemp and rag fibres, that produced a very thin, tough opaque white paper. It has a basis weight of 20 pounds (30 g/m 2 ; typical office paper is 80 g/m 2 ), yet bulks 1,000 pages to the inch (390 per centimetre).
t. e. The history of money is the development over time of systems for the exchange, storage, and measurement of wealth. Money is a means of fulfilling these functions indirectly and in general rather than directly, as with barter. Money may take a physical form as in coins and notes, or may exist as a written or electronic account.
History of printing. The history of printing starts as early as 3000 BCE, when the proto-Elamite and Sumerian civilizations used cylinder seals to certify documents written in clay tablets. Other early forms include block seals, hammered coinage, pottery imprints, and cloth printing.
2000. The Indian 1000-rupee banknote (₹ 1000) is an obsolete denomination of the Indian rupee. It was first introduced by the Reserve Bank of India in 1938 under British rule and subsequently demonetized in 1946. Post-independence, the denomination was re-introduced in 1954. In January 1978, all high-denomination banknotes of ₹ 1000 ...