In 1949, the Indian Government redesigned Re. 1 note by replacing the King’s portrait with the Lion Capital of Ashoka. Do you know that Rupee word originated from Sanskrit “rupyakam” which means silver coin? Reserve Bank of India controls the issuance of currency. Let’s have a look at some interesting and amazing facts about the Rupee:
- The 1st rupee was introduced by Sher Shah Suri in the 18th century and the 1st paper note was issued by Bank of Hindustan.
- The highest denomination note ever printed by the RBI was the Rs. 10,000 note in 1938 and again in 1954.
- Do you know- your currency is not composed of paper? Yes, it is made up of cotton and cotton rag which gives a look and feel of paper.
- Currency notes in India, making at Hoshangabad Security Paper Mill in Madhya Pradesh state.
- Stainless steel coins of 10, 25, and 50 were first introduced in 1988.
- Did you know that life of a banknote is only 9-10 months average?
- Indian currency notes have Braille signs to help the visually challenged, which gives hope to the blind- identify currency note.
- For the first time, the coins of 75, 150, and 1000 were minted to celebrate and honor the Reserve Bank of India’s platinum jubilee, 150th birth anniversary of Rabindranath Tagore.
- On the back side of each and every bank note, the amount is written in 17 different languages of India, where you can find only 15 language, so where the other 2 are written? The other 2 are Hindi & English.
- The two countries that considered Indian Rupee as legal tender are Bhutan and Zimbabwe.
We hope you know many new things about our Indian currency Rupee…