![]() ![]() At that time one rupee coin was a silver coin. During the first world war British domination was there. So, the first banknote printed by the Independent India was a 1 rupee note.ĭo you know the history of 1 rupee note: One rupee note was issued on 30 November,1917 under the British Raj. The symbol chosen for the paper currency was the Lion capital at Sarnath which replaced the George VI series of bank notes. Source: 10 Rarest and Most Valuable Coins of Human HistoryĪfter gaining Independence in 1947 and in 1950s when India become Republic, India’s modern Rupee reverted back to the design of signature Rupee coin. Source:This is the first note issued by the Bank of Bengal of Two Hundred and Fifty Sicca Rupees note, September 3, 1812. during this time paper money was first issued in British India. In the 18 th Century, the Bank of Hindostan General Bank in Bengal and the Bengal Bank became the first banks in India to issue paper currency i.e. Then British gold coins were termed as Carolina, the silver coins as Angelina, the copper coins as cupperoon and the tin coins as tinny. 1600, The Mughal currency remained popular but in 1717 AD, Farrukh Siyar the Mughal Emperor gave permission to the Britishers or the English to coin Mughal money at the Bombay mint. Source: Rs of 5 Note Ban: Benefits & Drawbacksĭuring the British East India Company i.e. 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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