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The acute shortage of silver during the First World War and the contributions of Hyderabad to the British war effort led them to accept, in 1918, paper currency in denominations of 10 and 100 rupees issued under the Hyderabad Currency Act. [2] The currency was designated asOsmania Sicca (OS). One- and five-rupee notes were subsequently issued ...
From 1862 to 1939 AD, one rupee coins were minted from 91.7% silver, weighed 11.66 grams (179.9 grains), had a diameter of 30.78 millimetres (1.212 in) and thickness of 1.9 millimetres (0.075 in). The obverse side of the coins featured the busts of Queen Victoria (1862 to 1901 AD), Edward VII (1903 to 1910 AD), George V (1911 to 1936 AD) and ...
Mumbai Mint has a state-of-the-art gold refining facility up to 999.9. Hyderabad Mint has electrolytic silver refining facility up to 999.9. Commemorative coins are made at Mumbai and Kolkata. Kolkata and Hyderabad have facilities for making medallions, too. The Noida mint was the first in the country to mint coins of stainless steel.
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There are two Security printing presses of SPMCIL, namely the India Security Press (ISP) at Nashik and the Security Printing Press (SPP) at Hyderabad. These presses print the 100% requirement of passports and other travel documents, non-judicial stamp papers, cheques, bonds, warrants, postal stamps, postal stationery, and other security products.
At the time of independence (in 1947), India's currency was pegged to pound sterling, and the exchange rate was a shilling and six pence for a rupee — which worked out to ₹13.33 to the pound. [23] The dollar-pound exchange rate then was $4.03 to the pound, which in effect gave a rupee-dollar rate in 1947 of around ₹3.30.
NMDC Limited, formerly National Mineral Development Corporation, is an Indian public sector undertaking involved in the exploration of iron ore, rock, gypsum, magnesite, diamond, tin, tungsten, graphite, coal etc.
A decorative crown with studded Emeralds A decorative crown for the Nizam's of Hyderabad. In 1995, the Indian government bought the jewels for ₹218 crore (about US$70 million) many years after the death of the last Nizam of Hyderabad, Mir Osman Ali Khan, in 1967. The government tried to buy the collection for a mere amount of $25 million. [2]
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