10 Interesting Facts You Probably Did Not Know About The Indian Rupee

10 Interesting Facts You Probably Did Not Know About The Indian Rupee

We know how to detect a fake Rs.500 note. We know how RBI is the authority which makes most of the decisions pertaining to cash flow and other such fancy things like Cash Reserve Ratio. We all love money. But do we know enough about it? If you love money, this article is like your lover's best friend who tells you all their secrets. It will tell you some amazingly interesting facts about the Indian rupee. Read on :

• It is named after the silver coin, rupiya, first issued by Sultan Sher Shah Suri in the 16th century and later continued by the Mughal Empire.

• For special bank uses there are coin of Rs.20,Rs.60,Rs.100,Rs.150 and Rs.1000. ( These coins are recently launched in India by Reserve bank of India )

• The Indian rupee symbol "र"(officially adopted in 2010 is derived from the Devanagari consonant "र"

•  In Assam, West Bengal, Tripura, and Odisha, the Indian rupee is officially known by names derived from the Sanskrit word टङ्क (ṭaṅka), which means "money".Thus, the rupee is called টকা (ṭôkā) in Assamese, টাকা (ṭākā) in Bengali and ଟଙ୍କା ( taṅkā) in Odia. 

• The current series of banknotes (which began in 1996) is known as the Mahatma Gandhi series.

• Currency notes are printed at the Currency Note Press in Nashik, the Bank Note Press in Dewas, the Bharatiya Reserve Bank Note Mudran (P) Ltd at Salboni and Mysore and at the Watermark Paper Manufacturing Mill in Hoshangabad.

• Ancient India was one of the earliest issuers of coins in the world, along with the Chinese wen and Lydian staters.

• The rupee is the common name for the currencies of India, Sri Lanka, Nepal, Pakistan, Indonesia, Mauritius, Seychelles,Maldives, and formerly those of Afghanistan, Burma and British and German East Africa.

•  In the year 2010 and 2011 for the first time ever Rs.75, Rs.150, and Rs.1000 coins were minted in India to commemorate the Platinum Jubilee of the Reserve Bank of India

• Each banknote has its amount written in 17 languages.