Wonderful Collection Of All Indian Currency Notes BHARAT ITIHASHIK CHALANI NOTE
The Indian rupee (symbol: ₹; code: INR) is the official currency of India. The rupee is subdivided into 100 paise (singular: paisa), though as of 2019, coins of denomination of 1 rupee is the lowest value in use.
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.
In 2010, a new rupee sign (₹) was officially adopted. It was derived from the combination of the Devanagari consonant “र” (ra) and the Latin capital letter “R” without its vertical bar (similar to the R rotunda)
The parallel lines at the top (with white space between them) are said to make an allusion to the tricolour Indian flag,and also depict an equality sign that symbolises the nation’s desire to reduce economic disparity. The first series of coins with the new rupee sign started in circulation on 8 July 2011. Before this, India used “₨” and “Re” as the symbols for multiple rupees and one rupee, respectively.
On 8 November 2016, the Government of India announced the demonetisation of ₹500 and ₹1,000 banknotes
with effect from midnight of the same day, making these notes invalid
A newly redesigned series of ₹500 banknote, in addition to a new denomination of ₹2,000 banknote is in circulation since 10 November 2016
From 2017 to 2019 the remaining banknotes of the Mahatma Gandhi New Series were released in denominations of ₹10, ₹20, ₹50, ₹100 and ₹200
The ₹1,000 note has been suspended
In 1861, the Government of India introduced its first paper money: ₹10 note in 1864, ₹5 note in 1872, ₹10,000 note in 1899, ₹100 note in 1900, ₹50 note in 1905, ₹500 note in 1907 and ₹1,000 note in 1909. In 1917, ₹1 and ₹21⁄2 notes were introduced. The Reserve Bank of India began banknote production in 1938, issuing ₹2, ₹5, ₹10, ₹50, ₹100, ₹1,000 and ₹10,000 notes while the government continued issuing ₹1 note but demonetized the ₹500 and ₹21⁄2 notes.
After independence, new designs were introduced to replace the portrait of George VI.
The government continued issuing the Re1 note, while the Reserve Bank of India (RBI) issued other denominations (including the ₹5,000 and ₹10,000 notes introduced in 1949). All pre-independence banknotes were officially demonetised with effect from 28 April 1957
During the 1970s, ₹20 and ₹50 notes were introduced; denominations higher than ₹100 were demonetised in 1978. In 1987, the ₹500 note was introduced, followed by the ₹1,000 note in 2000 while ₹1 and ₹2 notes were discontinued in 1995.
The design of banknotes is approved by the central government, on the recommendation of the central board of the Reserve Bank of India.[5] Currency notes are printed at the Currency Note Press in Nashik, the Bank Note Press in Dewas, the Bharatiya Reserve Bank Note Mudran (P) Ltd at Salboni and Mysore and at the Watermark Paper Manufacturing Mill in Hoshangabad. The Mahatma Gandhi Series of banknotes are issued by the Reserve Bank of India as legal tender. The series is so named because the obverse of each note features a portrait of Mahatma Gandhi. Since its introduction in 1996, this series has replaced all issued banknotes of the Lion capital series. The RBI introduced the series in 1996 with ₹10 and ₹500 banknotes. The printing of ₹5 notes (which had stopped earlier) resumed in 2009.
The amount of a banknote is written on it in 17 languages out of 22 official languages (+ English) of India. The languages are Hindi, English, Assamese, Bengali, Gujarati, Kannada, Kashmiri, Konkani, Malayalam, Marathi, Nepali, Oriya, Punjabi, Sanskrit, Tamil, Telugu and Urdu.
The notes bear the signature of Dr. Bimal Jalan, Governor of the Reserve Bank.
The length of the note is 177 mm and the width is 73 mm. The notes are printed in a combination of offset and intaglio processes.
Hindi and English being the OFFICIAL languages of India, are used primarily and on the front side of the currency. On the reverse 15 out of the 22 scheduled languages are printed. So, A total of 17 languages are present on a Indian currency for now. It is simply to show the linguistic diversity of our country.
Wonderful Collection Of All Indian Currency Notes
BHARAT ITIHASHIK CHALANI NOTE
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પરિપત્ર તારીખ 10-1-2022