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Rupee
Rupee is the common name for the currencies of India, Mauritius, Nepal, Pakistan, Seychelles, and Sri Lanka, and of former currencies of Afghanistan, Bahrain, Kuwait, Oman, the United Arab Emirates (as the Gulf rupee), British East Africa, Burma, German East Africa (as Rupie/Rupien), and Tibet. In Indonesia and the Maldives, the unit of currency is known as '' rupiah'' and '' rufiyaa'' respectively, cognates of the word rupee. The Indian rupees () and Pakistani rupees () are subdivided into one hundred paise (singular ''paisa'') or pice. The Nepalese rupee (रू) subdivides into one hundred paisa (singular and plural) or four sukaas. The Mauritian, Seychellois, and Sri Lankan rupees subdivide into 100 cents. Etymology The Hindustani word ''rupyā'' is derived from the Sanskrit word ''rūpya'' (), which means "wrought silver, a coin of silver", in origin an adjective meaning "shapely", with a more specific meaning of "stamped, impressed", whence "coin". It is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Indian Rupee
The Indian rupee ( symbol: ₹; code: INR) is the official currency in the republic of India. The rupee is subdivided into 100 '' paise'' (singular: ''paisa''), though as of 2022, coins of denomination of 1 rupee are the lowest value in use whereas 2000 rupees is the highest. The issuance of the currency is controlled by the Reserve Bank of India. The Reserve Bank manages currency in India and derives its role in currency management on the basis of the Reserve Bank of India Act, 1934. Etymology The immediate precursor of the rupee is the ''rūpiya''—the silver coin weighing 178 grains minted in northern India by first Sher Shah Suri during his brief rule between 1540 and 1545 and adopted and standardized later by the Mughal Empire. The weight remained unchanged well beyond the end of the Mughals until the 20th century. Though Pāṇini mentions (), it is unclear whether he was referring to coinage. '' Arthashastra'', written by Chanakya, prime minister to the first ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nepalese Rupee
The Nepalese rupee ( ne, रुपैयाँ; symbol: रु; code: NPR) is the official currency of the Federal Democratic Republic of Nepal. The Nepalese rupee is subdivided into 100 ''paisa''. The issuance of the currency is controlled by the Nepal Rastra Bank, the central bank of Nepal. The Nepalese rupee was introduced in 1932 when it replaced the Nepalese mohar at the rate 2:1. The Nepalese rupee (रु) has been pegged to the Indian rupee (₹) at the rate रु1.60 = ₹1 since 1994; prior to this, it had been pegged at the rate रु1.45 = ₹1. History The rupee was introduced in 1932, replacing the silver mohar at a rate of 2 mohar = 1 rupee. At first, the rupee was called the ''Mohru'' in Nepali. The "Bullet paisa" In 1955, 4 Paisa coins were minted, made from rifle cartridge cases from World War II that were used by the Gurkha soldiers who fought against the Imperial Japanese in the Pacific. The coins were produced by removing the primer from the cases ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gulf Rupee
The Gulf rupee (Arabic: روبيه or روبيه خليجيه) was the official currency used in the British protectorates of the Arabian Peninsula that are around the Persian Gulf between 1959 and 1966. These areas today form the countries of Kuwait, Bahrain, Qatar, Oman, and the United Arab Emirates. It was issued by the Government of India and the Reserve Bank of India and was equivalent to the Indian rupee. History To the middle of the 20th century, the Indian rupee was also used as the official currency in the emirates on the eastern Arabian Peninsula, namely Kuwait, Bahrain, Qatar, the Trucial States, and Oman. That meant, in effect, that the Indian rupee was the common currency in those territories as well as in India. The Indian rupee was pegged to the British pound at a rate of 13 Indian rupees = 1 pound. The Government of India had complained of gold traffickers in the Gulf region whose base of operations was constantly being broadened, especially in Kuwait, Bahrain an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pakistani Rupee
The Pakistani rupee ( ur, / ALA-LC: ; currency symbol, sign: Re (singular) and Rs (plural); ISO 4217, ISO code: PKR) is the official currency of Pakistan since 1948. The coins and notes are issued and controlled by the central bank, namely State Bank of Pakistan. In Pakistani English, large values of rupees are Indian numbering system, counted in thousands; lakh (100,000); crore (ten-millions); Indian numbering system, Arab (billions); Indian numbering system, kharab (100 billion). Numbers are still grouped in thousands (123,456,789 rather than 12,34,56,789 as written in India) History The word ''rūpiya'' is derived from the Sanskrit word ''rūpya'', which means "wrought silver, a coin of silver", in origin an adjective meaning "shapely", with a more specific meaning of "stamped, impressed", whence "coin". It is` derived from the noun ''rūpa'' "shape, likeness, image". ''Rūpaya'' was used to denote the coin introduced by Sher Shah Suri during his reign from 1540 to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Burmese Rupee
The rupee was the currency of Burma (now Myanmar) between 1852 and 1952, except for the years 1943–1945. History When Burma was conquered by the British, the Indian rupee replaced the kyat at par. From 1897, the government of India issued notes in Rangoon of the same general type as were issued in India but featuring languages used in Burma rather than those of India. In 1917 and again from 1927, Indian notes were overprinted for use in Burma. When Burma became a separate colony in 1937, a separate issue of paper money was made for use only in Burma but no separate coinage was issued. When the Japanese invaded Burma in 1942, they introduced a new currency: the rupee, divided into 100 ''cents''. This currency was only issued in paper form. The rupee was replaced by the kyat in 1943. In 1945, the Japanese occupation currency was declared worthless and Burma reverted to using Indian coinage and its own rupee paper money, with the pre-war value of the Burmese rupee restored. Follow ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mauritian Rupee
The Mauritian rupee (sign: Re (singular) and Rs (plural); ISO code: MUR; ) is the currency of Mauritius. One rupee is subdivided into 100 cents. Several other currencies are also called rupee. Coins In 1877, coins for 1, 2, 5, 10 and 20 cents were introduced, with the lower three denominations in copper and the higher two in silver. Coin production ceased in 1899 and did not recommence until 1911, with silver coins not produced again until 1934, when Re. , Re. and Re. 1/- coins were introduced. In 1947, cupro-nickel 10 cents were introduced, with cupro-nickel replacing silver in 1950. In 1971 a new set of coins and banknotes were introduced by the Royal Mint. This set has Queen Elizabeth II on the obverse and a range of heraldic motives on the reverse. Some of the reverse designs for this set were designed by Christopher Ironside OBE including the Rs. 10/-, Rs. 200/- and Rs. 250/- (issued 1988). In 1987, a new series of coins was introduced whic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sri Lankan Rupee
The Sri Lankan Rupee ( si, රුපියල්, ta, ரூபாய்; symbol: Re and Rs (plural) in English, රු in Sinhala, ௹ in Tamil; ISO code: LKR) is the currency of Sri Lanka. It is subdivided into 100 cents, but cents are rarely seen in circulation due to its low value. It is issued by the Central Bank of Sri Lanka. The abbreviation ''Re'' (singular) and ''Rs'' (plural) is generally used, the World Bank suggests SL Rs as a fully disambiguating abbreviation for distinction from other currencies named "rupee". History Sterling became Ceylon's official currency in 1825, replacing the Ceylonese rixdollar at a rate of £1 stg = rixdollars, and British silver coin was made legal tender. Treasury notes denominated in sterling were issued in 1827, replacing the earlier rixdollar notes. Rixdollar notes not presented for exchange were demonetized in June 1831. The Indian rupee was made Ceylon's standard coin on 26 September 1836, and Ceylon reverted to th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Historical Money Of Tibet
The use of historical money in Tibet started in ancient times, when Tibet had no coined currency of its own. Bartering was common, gold was a medium of exchange, and shell money and stone beads were used for very small purchases. A few coins from other countries were also occasionally in use. Coins were first used in a more extensive way in the 17th century: these were silver coins supplied by Nepal. There were however various difficulties with this system. In 1763-64 and 1785, the first silver coins were struck in Tibet. In 1792 the first mass-produced silver coins were created under joint Chinese and local Tibetan authority. Coins bearing Tibetan inscriptions only were subsequently replaced by issues which had Chinese and Tibetan legends. This lasted until the 1830s. In 1840, purely Tibetan coinage was struck under Tibetan authority, and this coinage continued being made until 1954, with only two short interruptions when Sino-Tibetan coins were issued. In 1910, the Tibetan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Afghan Rupee
The Afghan rupee was the currency of Afghanistan until 1925. Before 1891, silver rupees circulated with copper ''falus'' and gold ''mohur''. The three metals had no fixed exchange rate between them, with different regions issuing their own coins. In 1891, a new currency was introduced, based on the Kabuli rupee. The rupee was subdivided into 60 ''paisa'', each of 10 ''dinar''. Other denominations issued included the ''shahi'' of 5 paisa, the ''sanar'' of 10 paisa, the ''abbasi'' of 20 paisa, the ''qiran'' of rupee and the ''tilla'' and later the ''amani'', both of Rs. 10/-. The rupee was replaced in 1925 by the Afghani, which is the currency today, but continued to be in circulation until 1978. The rupee itself was first issued by Pashtun monarch Sher Shah Suri during his rule of northern India in the sixteenth century; India still uses its own variant of the rupee (along with Pakistan - ''see'' Pakistani rupee The Pakistani rupee ( ur, / ALA-LC: ; currency symbol, s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Seychellois Rupee
The rupee is the currency of the Seychelles. It is subdivided into 100 ''cents''. In the local Seychellois Creole (Seselwa) language, it is called the ''roupi'' and roupie in French. The ISO code is SCR. The abbreviation SR is sometimes used for distinction. By population, Seychelles is the smallest country to have an independent monetary policy. Several other currencies are also called rupee. Banknotes British colony The British Legislative Council authorized the establishment of a Board of Commissioners of Currency through the Paper Currency Ordinance of 1914, which was enacted by C. R. M. O’Brien, the Governor of the Colony of the Seychelles on 10 August 1914. In 1914, the government produced emergency issues of notes for 50c, Re. 1/-, Rs. 5/- and Rs. 10/-. Standard issue notes began to be issued in 1918, with notes for 50c and Re. 1/-, followed by Rs. 5/-, Rs. 10/- and Rs. 50/- in 1928. The 50c and Re. 1/- notes were issued u ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
East African Rupee
The rupee was the currency of Britain's East African colonies and protectorates between 1906 and 1920. It was divided into 100 cents. The rupee replaced the Indian rupee, which had previously circulated. In 1920, the rupee was revalued against sterling to a peg of 1 rupee = 2 shillings (1 florin). In East Africa, this was followed in the same year by the replacement of the rupee with the East African florin at par and then in 1921 by the East African shilling at 2 shillings per florin or rupee. The currency is noteworthy for including the world's first aluminium coin A coin is a small, flat (usually depending on the country or value), round piece of metal or plastic used primarily as a medium of exchange or legal tender. They are standardized in weight, and produced in large quantities at a mint in order ..., the 1907 1 cent coin. Coins Silver coins were introduced for 25 and 50 cents in 1906, followed by the aluminium 1 cent and cupro-nickel 10 cent coins in 1907, th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
German East African Rupie
The Rupie was the currency of German East Africa between 1890 and 1916, continuing to circulate in the Tanganyika Territory until 1920. History The Indian rupee was the dominant currency used along the East African coast during the second half of the 19th century where it had marginalized the American gold dollar and the Maria Theresa thaler. The German East Africa Company acquired rights to mint coinage in 1890 and issued rupies which were equivalent to the Indian and Zanzibar rupee. The Company retained its coinage rights even after the takeover of German East Africa by the government later in 1890. In 1904 the German government took over currency matters and established the Ostafrikanische Bank. The Rupie was initially equivalent to the Indian rupee. Until 1904, it was subdivided into 64 ''Pesa'' (equivalent to the Indian ''pice'' or ''paisa''). The currency was decimalized on 28 February 1904, with 1 Rupie = 100 '' Heller''. At the same time, a fixed exchange rate of 15 Rupi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
