Who invented rs

This series remained largely unchanged till the introduction of the 'King's Portrait' series which commenced in Green Underprint - Rupees Five Hundred. Green Underprint - Rupees Five.

Red Underprint - Rupees Fifty. The introduction of small denomination notes in India was essentially in the realm of the exigent. Compulsions of the first World War led to the introduction of paper currency of small denominations.

The issuance of these notes was discontinued on 1st January, on cost benefit considerations. These notes first carried the portrait of King George V and were the precursors of the 'King's Portrait' Series which were to follow. Rupee One - Obverse.

Rupee One -Reverse. Rupees Two and Annas Eight - Obverse. Government of India continued to issue currency notes till when the Reserve Bank of India took over the functions of the Controller of Currency. These notes were issued in denominations of Rs 5, 10, 50, , , , 10, Rupees Fifty. Rupees One Thousand. Rupees Ten Thousand. With the establishment of the Currency Note Press at Nasik in , currency notes came to be progressively printed in India. By the Nasik Press was printing the entire spectrum of India currency notes.

The improved security features were changed watermarks, intricate portrait designs and multicoloured printing. It began operations by taking over from the Government the functions hitherto performed by the Controller of Currency and from the Imperial Bank the management of Government Accounts and Public Debt.

It was not then considered necessary to have an office in Delhi. Section 22 of the RBI Act, , empowered it to continue issuing Government of India notes till its own notes were ready for issue. It was in when Udaya Kumar Dharmalingam's design for the Indian rupee pushed aside other entries to get the cabinet's approval. The symbol lends an identity to the Indian currency and helps to differentiate it from similar currencies of other countries such as Pakistan, Sri Lanka and Indonesia. Here are some interesting facts about the symbol that will tell you how much thought went into designing it.

While writing in Hindi, a horizontal line called Shrio Rekha is drawn which is also a unique feature of Devnagri script. Other Risk Covers. Personal Finance News. Mutual Funds. Rate Story. Font Size Abc Small.

Abc Medium. Abc Large. It owes its origin to rupiya , issued by Sher Shah Suri in ET traces the history of rupee from the British era to now. It remained in use during the Mughal period, Maratha era and British India.

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