We are all familiar with Cash Reserve Ratio and other economic terms related to currency and banking. However there are some things about the Rupee that you probably haven’t given much thought to. Here are some interesting lesser known facts on the Indian rupee:
Between the years 1954 and 1978, paper currency for denominations of 10,000 and 5,000 were in circulation.
Indian Rupee
After Pakistan gained independence in 1947, Indian currency was in use until the country was able to print enough notes of its own. These notes were printed with the words ‘Government of Pakistan’.
Indian Rupee
There are One rupee notes which are issued by the Ministry of Finance instead of the RBI. These notes have the signature of the Secretary, Ministry of Finance.
Indian Rupee
Indian rupee notes of denominations 500 and 1000 are banned in the country of Nepal.
Indian Rupee
Each 10 rupee coin costs approximately 6.1 rupees to mint.
The 10 Rupee Coin
The mark below the date on a coin represents the place it was minted. A diamond indicates it was minted in Mumbai, a star represents Hyderabad, a dot indicates Noida and coins minted in Kolkata have no indication
The Rupee Coin
Now that you are armed with lesser known facts about the Indian rupee, go ahead and spend your money wisely!
Author: Aayushi Jain
