![]() What is GDP and how it calculate India’s Income Source:In 1959 a special issue of rupees ten and Rupees One Hundred were issued for the Indian Haj Pilgrims so, that they can exchange it with local currency in Saudi Arabia.Įven in 1917-1918 the Nizam of Hyderabad had given the privilege to print and issue their own currency. #World currency compare indian currency series#Source: In 1969 Reserve Bank of India issued the Mahatma Gandhi Birth Centenary Commemorative design series on Rs 5 and Rs 10 notes.Īnd amazing thing is that the vignette of the Sailing Boat or Dhow remained on the reverse of the Ten Rupees for over 40 years. In this era evolution of rupee occurred when Sher Shah Suri defeated Humayun and issued a silver coin of 178 gms known as rupiyaand was divided into 40 copper pieces or paisa and during the whole Mughal period silver coin remained in use. Source: The Mughal Empire from 1526 AD consolidated the monetary system for the entire empire. The currency was made up of Gold, silver and copper known as Tanka and lower valued coin known as Jittals. Source: The Turkish Sultans of Delhi had replaced the royal designs of Indian kings with Islamic calligraphyby the 12 th Century AD. Then Mauryas came up with the Punch Marked Coins minting of silver, gold, copper or lead and Indo-Greek Kushan kings introduced the Greek custom of engraving portraits on the coins. Source: What are the Benefits of Plastic Notes in the Indian Economy These coins have irregular shapes, standard weight and are made up of silver with different markings like Saurashtra had a humped bull, Dakshin Panchala had a Swastika and Magadha had several symbols. ![]()
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