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The new Dominion (or Union) of India retained the previous imperial currency with the portrait of King George VI. The basic unit of currency was the Indian rupee , which was itself divided into annas (16 annas to a rupee) and pice (the old spelling of paisa – 64 pice to a rupee). [ 9 ]
The Indian Currency Committee or Fowler Committee was a government committee appointed by the British-run Government of India on 29 April 1898 to examine the currency situation in India. [29] They collected a wide range of testimony, examined as many as forty-nine witnesses, and only reported their conclusions in July 1899, after more than a ...
Extant evidence of the earliest Metal currency in the South and East of India is later than the North West, [21] and coeval with the Northern Black Polished Ware culture, minted before the Maurya Empire (322–185 BCE), [23] with radio carbon dating indicating post 5th century BCE dates. [21]
The Indian rupee was a silver-based currency during much of the 19th century, which had severe consequences on the standard value of the currency, as stronger economies were on the gold standard. During British rule, and the first decade of independence, the rupee was subdivided into 16 annas .
During later years, the Ahmadabad mint also struck rupees for the Bombay Presidency in the name of Muhammad Akbar II with the dates 1233–1241 AH (1817–1825 CE). In December 1672, the East India Company started a mint in Bombay and European style gold, silver, copper, and tin coins were struck.
Pages in category "Coins of India" The following 53 pages are in this category, out of 53 total. ... Cash (currency) Coins of British India; Coins of the Indian rupee; D.
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Indian Currency Committee; Indian rupee; J. Jital coin This page was last edited on 1 April 2019, at 01:58 (UTC). Text is available under the Creative Commons ...