Currency of India

Валюта Индии фото

The Indian rupee, which is the currency of India , has been known in circulation since the fifteenth century. Has circulation, except India, in Nepal, Sri Lanka, Pakistan, Seychelles, Mauritius. In some states it may be called rupees or rufiah, but it does not change its essence from this.

Name of the coin. Translated from Sanskrit, it sounds like chopped or hammered silver. In one rupee, a hundred pais. It is believed that the first rupee was issued somewhere between one thousand five hundred and thirty-ninth and one thousand five hundred and forty-fifth, during the reign of Sher Shah. But this form of payment gained the most popularity during the reign of the third Mongol emperor Akbar, who ruled in these places from one thousand five hundred fifty-fifth to one thousand six hundred and fifth. From the beginning of production until the British colonized India, the production and technology of coin production did not change. They were made from the purest, silver metal. For the casting of blanks, metal of nine hundred and forty samples was used. Each coin contained eleven point five hundred thirty-four thousandths of a gram. There was no official rate, and coins freely circulated outside the state. Only the purity of the metal from which it was made and the weight of the coin was taken into account. The rulers were very jealous of the quality of coin production. After all, it was the prestige of the state. An indicator of his well-being. Counterfeiters were punished severely and radically upon capture. Molten silver poured into his mouth. Despite this, there were people who risked their lives. True, quite often they were made by order of large temples of India and various rulers, but mostly simple performers suffered. The shape of the coins was almost always round, only in a short period they were minted in a rectangular shape. The denomination on them was minted very rarely. There were only wishes for health to the rulers, in whose reign they were minted, and praise to the gods. During the time of the great Mughals, each ruler had a custom to call coins by his own name, from the beginning of the colonization of India, the British introduced a unified rupee of the East India Company, on which was placed a portrait of William the Fourth. This happened in one thousand and thirty-five. Subsequently, on all the money issued in India, before its liberation from colonial oppression, portraits of English monarchs were minted. And, starting with one thousand eight hundred sixty-two, it received the name of the government rupee. Up to one thousand eight hundred and eighty-third years, the silver standard operated in India.

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Although all over the world, by that time, it had been operating gold for a long time. Because of this, she lost her competitiveness, which led to the fall of the rupee. The colonial policy of England, which did not want to strengthen the rupee in the international arena, led to this. Because of this, the minting of the silver rupee ceased in the year eighteen ninety-three. The era of paper notes has come. The rupee exchange rate has become correlated with the British pound. More than, over the centuries-old history of printing banknotes, more than fifty types of them have been issued, and all of them are still in circulation. This makes it very difficult for people who are not accustomed to such a number of different kinds of money, but the same denominations of denominations. Since there is a special light strip for notes on the notes, then all the notes are written out. It is also striking that they are all very pierced. This happened because for many years the bills after counting were fastened with a stapler, and not with rubber bands or papers. Such treatment led to a very strong depreciation and dilapidation of many banknotes. This practice stopped only at the beginning of the two thousandth.

Современные денежная единица Индии

Modern monetary unit of India

In modern India, very often commemorative coins are issued to coincide with various events in the state. Birthdays of prominent figures of the state. For example, many coins are issued in honor of Jawaharlaw Nehru and Mahatma Gandhi. Small coins of ten rupees and smaller are mainly used to replenish the collections of numismatists, since due to high inflation, nothing can be bought with this money. Starting in two thousand and ten, a new symbol is printed on the rupee. He was chosen by national vote. It looks like a Latin R, only without a vertical line, instead of it two small horizontal ones, cross it out at the top. The country's economy has experienced ups and downs so many times that it is impossible to tell about all the banknotes issued in connection with all these events. But people who are interested in such information may well visit the museum dedicated to the rupee and there they will get acquainted with the complex and difficult fate of Indian currency . In modern India, all ever issued bills are in use. In large cities, you can use credit cards or traveler's checks. But only in large hotels or shops. Only the state has the right to engage in foreign currency exchange. Therefore, changing Indian money , you must make sure that the store has the right to do so. Otherwise, it is quite possible to fall under deportation. When traveling to the province, it is better to change the money in advance, and for small bills. In the outback, prices are quite low, and there is not much money, so there may simply not be a change, and even less so. The safest way to change money at the airport at the entrance. If something remains before departure, they also need to be changed, since the export of money to India outside the state is prohibited.

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Lending in India

Usury is always in the order of things and never condemned by local moralists. On the contrary, it was even welcomed by the state. Very interesting methods of lending were in India until recently. It was possible to put a pack animal or wife as collateral. And the wife could not get a loan in the same way. If housing acted as a pledge, then interest on the loan was not paid. So usury in antiquity looked quite decent. True, over time, everything changed, especially during colonial oppression. Interest on loans could well reach two hundred and forty percent per year. True, repayment terms were milder. If the amount of interest payments began to exceed the amount of debt, it was possible to stop the payment of interest, and to pay the body of debt. In general, the methods of lending in India are quite complicated and confusing. However, they work in some way. This once again convinces a person of his ingenuity in the ways of receiving money.

Храмы Индии и их сокровища

Temples of India and their treasures

It does not cease to amaze the contrast of India between the poverty of the main layer of the population and the wealth of the ruling layer. Recently, a treasure was discovered in one of the ancient temples. Several tons of precious metals, diamonds, and other precious stones were stored in secret rooms. The find, according to preliminary estimates, has a value of more than twenty billion dollars. Moreover, this assessment does not take into account the historical and artistic value of the find. Some experts are inclined to suggest that the cost can grow hundreds of times. Rumor has it that India is the first ruler of the Nagas. Thus helps his people in difficult times. Since the find was made in his palace and, most likely, the treasures lay in hiding places for more than one thousand years. This is a find from only one temple. There are thousands of such temples throughout the state. At least some of the largest ones probably have their own secret rooms. Hinduism completely denies the possibility of material enrichment of the individual. Enlightenment in this religion can only be achieved through denial of material wealth. Therefore, many poor Indians will not look unhappy, but continue to live, rejoicing in simple things. The sun. Air, simple food. The treasures of the Maharajas are somewhat reminiscent of the Templars' gold. Everyone knows about him, they know about what a luxurious lifestyle they led. But no one saw these treasures. In Delhi, in the Museum of Money, you can see samples of ancient money dated around the second century BC. But, most likely, they went even earlier. It is likely that after the census of all the treasures from the temple of Naga, more than ancient coins of India . The ancient treatises of the Rigveda and Mahabharata describe events many thousands of years before the birth of Christ. They quite clearly describe the availability of money from people living in those days. It is likely that confirmation of these facts will appear very soon.

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Comments (3)

  • Аватар пользователя анжела

    I didn’t change anything at all, small dollars exchanged everything in Moscow, even cents were used to cheer.

    Aug 23, 2014
  • Аватар пользователя polyna

    Anyway, when calculating in dollars you lose more, it’s more profitable to pay almost all in rupees.

    Aug 23, 2014
  • Аватар пользователя karina

    it is more profitable to pay in rupees, prices are more accurate, and if you pay in dollars, sellers round off prices, and always up)))

    Aug 25, 2014