Thursday, March 2, 2017

Currency - India - 1 Rupee - Bhimal Jalan (Finance Secretary, 1990-1991)

Item code : 116/IN-39

v  PICTURE - Ashoka Pillar Capital in rupee coin
v  LEGEND – Finance Secretary Ministry of Finance 
v  NUMERAL - '1' in three places
v  VALUE LEGEND - English and Hindi & SL No in bottom right                 
v  PICTURE - Rupee coin with dated 1990
v  LANGUAGE PANEL - 13 Indian Languages & Oil rig 'Sagar samrat' 
v  COLOUR - Blue, brown, pink, purple & multicolour        
Ashoka Pillar Capital
96 x 63 mm.
Bhimal Jalan (Finance Secretary, 1990-1991)

History of the Indian Rupee
The history of the Indian rupee traces back to Ancient India in circa 6th century BCE, ancient India was one of the earliest issuers of coins in the world, along with the Chinese wen and Lydian staters. During his five-year rule from 1540 to 1545, Sultan Sher Shah Suri issued a coin of silver, weighing 178 grains (or 11.53 grams), which was termed the Rupiya. The silver coin remained in use during the Mughal period, Maratha era as well as in British India.Among the earliest issues of paper rupees include; the Bank of Hindustan (1770–1832), the General Bank of Bengal and Bihar (1773–75, established by Warren Hastings), and the Bengal Bank (1784–91).

Rupiya issued by Sher Shah Suri, 1540–1545 CE

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