Item code : 118/IN-41
PICTURE - Ashoka Pillar Capital in rupee coin
LEGEND - Secretary Ministry of Finance
NUMERAL - '1' in three places
VALUE LEGEND - English and Hindi
PICTURE - Rupee coin dated 1976 or 1977 or 1978 or 1979 or 1980
LANGUAGE PANEL - 13 Indian Languages
COLOUR - Violet
Ashoka Pillar Capital
97 x 63 mm.
Manmohan Singh (Finance Secretary, 1976-1980)
About the Currency:
Etymology of the word “Rupee”
The word "rupee" was derived from the Sanskrit word रूप्यकम् (rūpyakam) or rupaya (meaning "wrought silver, a coin of silver"). The modern Indian rupee has a direct lineage from the rupiya, the silver coin, issued by Sher Shah Suri (1540—1545), continued by the Mughal rulers. Arthashastra, written by Chankaya, prime minister to the first Maurya emperor Chandragupta Maurya (c 340–290 BCE), mentions silver coins as rūpyarupa, and other types of coins including gold coins (Suvarṇarūpa), copper coins (Tāmrarūpa) and lead coins (Sīsarūpa) are also mentioned. Rūpa means form or shape, example, Rūpyarūpa, rūpya — wrought silver, rūpa — form.