Facts To Know About The Indian Currency

Here are some of the facts that you need to know on Indian rupees. Only a few of them may know about these facts; and for those of you who don't, check them out, here!

Wednesday, November 9, 2016, 15:33

Our day-to-day life does include money. But, do we know the origin of this Indian rupee that we Indians use on a daily basis? There are a few facts that you need to know about the Indian rupee.

Reserve Bank Of India (RBI) plays an important role in the monetary business, as it helps to regulate the entire banking system of the nation, and it ensures a monetary stability for the people. Listed here are some of the things that one needs to know about the Indian rupee.

Only a handful of them may know about the Indian rupee facts and now, it's time that most of you get to know about these interesting facts as well. Check them out!

Fact #1

Did you know that 5000 and 10,000 rupee notes were circulated between 1954 and 1978? Well, they did, and this image is a proof of it.

Image Courtesy

Fact #2

Pakistan did not get its currency immediately after its Independence. Hence, the people there used the Indian currency notes stamped as "Government of Pakistan" on them, until they started printing their own currency.

Image Courtesy

Fact #3

The Ministry of Finance issued the "One rupee note", and it included the signature of the secretary.

Image Courtesy

Fact #4

Rupee was not only the currency of India, but was being used by other countries like Aden, Oman, Kuwait, Bahrain, Qatar, Kenya, Uganda and even Mauritius, until the early 20th century.

Fact #5

At one time, 5 rupee coins were smuggled from India to Bangladesh. All this was done to make razors!

Fact #6

Did you know that the cost of minting a 10 rupee coin is 6.10 rupee? Well, now you do.

Fact #7

Due to shortage of coins, the RBI was forced to mint coins in foreign countries.

Fact #8

Did you know that it is possible to find out the place from where the coins have been minted? Well, you can, after determining the mark below the date of minting. Refer to the picture for more clarity.