A breife overview of Indian currency and its journey from coinage to currency notes.

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BIRTH OF RUPEE
The first RUPEE was introduced by
Sher Shah Suri (1486-1545)
based on a ratio of 40 copper pieces (paisa) per
rupee.
The name was derived from
the Sanskrit word raupyakam,
meaning Silver.

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INDIAN RUPEE COINS
Until 1815, the Madras Presidency also issued a currency based
on the fanam, with 12 fanams equal to the rupee.
In 1835, a single coinage for the EIC was introduced. It consisted
of copper 1/12, ¼ and ½ anna, silver ¼, ½ and 1 rupee and gold 1
and 2 mohurs.
In 1841, silver 2 annas were added, followed by copper ½ pice in
1853. The coinage of the EIC continued to be issued until 1862,
even after the Company had been taken over by the Crown.
In 1906, bronze replaced with copper for the lowest three
denominations and in 1907, a cupro-nickel 1 Anna was
introduced.
Between 2005 & 2008, new lighter 50 paise, 1,2, & 5 rupee coins
were introduced, all struck in ferritic stainless steel, The move was
prompted by the melting down of older coins whose face value of
older coins whos face value was less than their scrap value.
The coins commonly in circulation are 1,2,5 & 10 rupees.

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The process of issuing paper currency started in the 18th century.
Private banks like Bank of Hindustan, Bank of Bengal, the Bank of
Bombay, and the Bank of Madras were among the first to print
paper money. It was only after the Paper Currency Act of 1861 that
the government of India was given the monopoly to print currency.

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Even after independence Pakistan used Indian bank notes for
transactions in their country with Pakistani stamp until they could print
their own money.
One rupee notes are issued by the Ministry of Finance and bear the
signature of the Secretary.
The cost of issuing a coin and the value of the coin would be different.
The cost of minting a Rs. 10 coin is Rs. 6.10 only.

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5,000 and 10,000 rupees notes were in circulation between 1954 and 1978
It is possible to find out which place a particular coin was minted at by
determining the mark below the date of minting with this table :

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INDIAN RUPEE LANGUAGE PANELS
Each banknote has its amount written in 17 languages (English and Hindi
on the front, and 15 others on the back) illustrating the diversity
of the country.
Special commemorative coins: 75, 100, 1000 rupees coin were first made in
2010. It was only for the commemorative purposes. They were made to
celebrate 75 years of Reserve Bank of India, 100 years of Rabindranath
Tagore and 1000 years of Brihadeeswarar temple

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INDIAN RUPEE SYMBOL
The currency was before denoted simply by „Rs‟ or „INR‟ which
is short for Indian rupee. But these are not „symbols‟ but just an
“abbreviations” for the word
„Rupee‟.
On 15th of July 2010 cabinet, finalised the design for the Rupee.
An engineer, IIT post-graduate UDAY KUMAR has been
honored. His design out of five shortlisted ones is selected for the
new symbol of the Indian Rupee.

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BE A PROUD INDIAN
YEAR INR PER USD
1948 1.30
1990 17.01
2010 46.21
2016 67.02