The Rupee (₨ or Rs. The rupee (रुपया ( code: INR) is the Currency of India. The rupee ( sign: ₨; code: PKR) is the Currency of Pakistan. The rupee (रूपैयाँ ( sign: ₨; code: NPR)is the official Currency of Nepal. The rupee ( Sinhala: රුපියල, Tamil: ரூபாய் ( sign: ₨; code: LKR) is the Currency The rupiah ( sign: Rp; code: IDR) is the official Currency of Indonesia. The rufiyaa ( Dhivehi: ދިވެހި ރުފިޔާ is the currency of the Maldives. ) (Hindi and Urdu: Rupiya, from Sanskrit rupyakam meaning coins of silver) is the common name for the currencies used in India, Pakistan, Sri Lanka, Nepal, Mauritius, and Seychelles; in Indonesia the unit of currency is known as the rupiah and in the Maldives the rufiyah. Hindi ( Devanāgarī: hi [[wiktहिन्दी हिन्दी]] or hi [[wiktहिंदी हिंदी]] IAST:, IPA:) is Urdu ( ur '''{{Nastaliq اردو}}''' trans Urdū, historically spelled Ordu) is a Central Indo-Aryan language Urdu is a standardised Sanskrit (sa संस्कृता वाक् saṃskṛtā vāk, for short sa संस्कृतम् saṃskṛtam) is a historical Silver (ˈsɪlvɚ is a Chemical element with the symbol " Ag " (argentum from the Ancient Greek: ἀργήντος - argēntos gen A currency is a unit of exchange, facilitating the transfer of Goods and/or services It is one form of Money, where money is India, officially the Republic of India (भारत गणराज्य inc-Latn Bhārat Gaṇarājya; see also other Indian languages) is a country Pakistan () officially the Islamic Republic of Pakistan, is a country located in South Asia, Southwest Asia, Middle East and Sri Lanka, officially the Democratic Socialist Republic of Sri Lanka ( Sinhalese:, இலங்கை known as Ceylon before 1972 is an Island Nepal (नेपाल) is a Landlocked country in South Asia. Mauritius (pronounced məˈrɪʃəs L’île Maurice /il mɔ'ʁis/ Mauritian Creole: Maurice) officially the Republic of Mauritius, République Seychelles (seɪˈʃɛl or /seɪˈʃɛlz/ in English and seʃɛl in French) officially the Republic of Seychelles (République des Seychelles Creole The Republic of Indonesia ( (Republik Indonesia is a Country in Southeast Asia. The rupiah ( sign: Rp; code: IDR) is the official Currency of Indonesia. The Maldives ( or, or Maldive Islands) officially the Republic of Maldives, is an Island nation consisting of a group of atolls stretching The rufiyaa ( Dhivehi: ދިވެހި ރުފިޔާ is the currency of the Maldives. The Indian rupee and the Pakistani rupee are subdivided into one hundred paise or pice (singular paisa), the Sri Lankan rupee into 100 cents and the Nepalese rupee can be subdivided into one hundred paisa or pice (both singular and plural) or four Sukas (sing. The rupee (रुपया ( code: INR) is the Currency of India. The rupee ( sign: ₨; code: PKR) is the Currency of Pakistan. This article is about paisa the coin used in Bangladesh, India, Nepal and Pakistan. The rupee ( Sinhala: රුපියල, Tamil: ரூபாய் ( sign: ₨; code: LKR) is the Currency The rupee (रूपैयाँ ( sign: ₨; code: NPR)is the official Currency of Nepal. This article is about paisa the coin used in Bangladesh, India, Nepal and Pakistan. The Suka was a unique Fiddle that was played vertically on the knee or hanging from a strap and the strings were stopped at the side with the fingernails similar Suka) or two Mohors (sing. Mohor (मोहोर is one of the denominations of the Nepalese Rupee. Mohor).
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Etymology
The word Rupiya was coined by Sher Shah Suri during his brief rule of India between (1540-1545). Sher Shah Suri (1486 Sasaram &ndash May 22, 1545 Kalinjar) ( - Šīr Šāh Sūrī) also known as Farid Khan or It is said that, when he was shown the new coin, he remarked 'Rupaiiah', meaning beautiful. From then the name stuck and is prevalent even today. It was used for the silver coin weighing 178 grains. Silver coins are possibly the oldest mass form of Coinage Silver has been used as a coinage Metal since the times of the Greeks Their silver drachmas In many cultures a grain is a unit of measurement of Mass that is based upon the mass of a single seed of a typical Cereal. He also introduced copper coins called Dam and gold coins called Mohur that weighed 169 grains. Copper (ˈkɒpɚ is a Chemical element with the symbol Cu (cuprum and Atomic number 29 main - title Coin keywords numismatics coin review A gold coin is a flat disc-shaped piece of Gold that has been minted and issued by a government or private organization A Mohur is a gold Coin that was formerly minted by several governments including British India (including the princely states the Moghul Empire, [1] Later on, the Mughal Emperors standardised this coinage of tri-metalism across the sub-continent in order to consolidate the monetary system. The Mughal Empire was the dominant power in the Indian subcontinent between the mid-16th century and the end of the 17th century
Value
The derivative word Rūpaya was used to denote the coin introduced by Sher Shah Suri during his reign from 1540 to 1545. Sher Shah Suri (1486 Sasaram &ndash May 22, 1545 Kalinjar) ( - Šīr Šāh Sūrī) also known as Farid Khan or The original Rūpaya was a silver coin weighing 178 grains (11. In many cultures a grain is a unit of measurement of Mass that is based upon the mass of a single seed of a typical Cereal. 534 grams). The coin has been used since then, even during the times of British India, defined as 11. For usage see British rule in India British Raj ( rāj, lit "reign" in Hindustani) primarily refers to the British 66 grams at 91. 7% silver by weight[2] (that is, silver worth about US$4 at modern prices). [3] In the late 19th century the customary exchange rate was 1 rupee to one shilling and fourpence in British currency, or 1/15 of a pound sterling. The Pound Sterling ( symbol £; ISO code: GBP) subdivided into 100 pence (singular penny) is the Currency
Valuation of the rupee based on its silver content had severe consequences in the nineteenth century, when the strongest economies in the world were on the gold standard. The discovery of vast quantities of silver in the United States and various European colonies resulted in a decline in the relative value of silver to gold. Suddenly the standard currency of India could not buy as much from the outside world. This development was known as "the fall of the Rupee. India has been one of the earliest issuers of coins in the world (circa 6th Century BC along with the Chinese wen and Lydian Staters The origin of the word "
Denomination
Formerly the rupee (11. 66 g, . 917 fine silver) was divided into 16 annas, 64 paise, or 192 pies. An Anna ( Hindustani आना ānā) was a Currency unit formerly used in India, equal to 1/16 Rupee. This article is about paisa the coin used in Bangladesh, India, Nepal and Pakistan. A pie was a unit of Currency in India. It was the smallest currency unit equal to 1/3 Paisa, 1/12 anna or 1/192 Rupee. In Arabia and East Africa the British India rupee was current at various times, including the paisa and was used as far south as Natal. In Mozambique the British India rupees were overstamped, and in Kenya the British East Africa company minted the rupee and its fractions as well as pice. It was maintained as the florin, using the same standard, until 1920. In Somalia the Italian colonial authority minted 'Rupia' to the exact same standard, and called the pice 'besa'. Early 19th century E. I. C. rupees were used in Australia for a limited period. Decimalisation occurred in Ceylon (Sri Lanka) in 1869, India in 1957 and in Pakistan in 1961. In the management of currencies, decimalisation (or decimalization) is the process of converting from traditional denominations to a " Decimal " Thus an Indian Rupee is now divided into 100 Paise and so is the Pakistani Rupee. Paise is sometimes referred to as Naya-Paise, meaning the "new-money" in India, a habit continued from when India became independent -- when the new country introduced new currency, people used Naya-Paise to distinguish it from the old currency. The issuance of the currency is controlled by the Reserve Bank of India, whereas in the Pakistan it is controlled by State Bank of Pakistan. The most commonly used symbol for the Rupee is Rs. In most parts of India, the Rupee is known as Rupaye, Rubai, or one of other terms derived from the Sanskrit rupya, meaning silver. However, in the Bengali and Assamese languages, spoken in Assam, Tripura, and West Bengal, the Rupee is known as a Taka, and is written as such on Indian banknotes. The taka ( Bengali: টাকা ṭaka) is the Currency of Bangladesh. In India and Pakistan currency is issued in denominations of 1, 2, 5, 10, 20, 50, 100, 500, 1000 and 5000 Rupees. India, officially the Republic of India (भारत गणराज्य inc-Latn Bhārat Gaṇarājya; see also other Indian languages) is a country Pakistan () officially the Islamic Republic of Pakistan, is a country located in South Asia, Southwest Asia, Middle East and Large denominations of rupees are often counted in lacs or lakhs (100,000) crores (10,000,000) and Arabs (1 billion). A lakh (also written lac, and lackh in an Indian english language news source India PR Wire 8 Oct '08 is a unit in the Indian numbering system equal to A crore is a unit in the Indian numbering system and was formerly a unit in the Persian numbering system still widely used in Bangladesh, India, Maldives
Popular Culture
- The Rupee was the main currency in the hit Nintendo video game series The Legend of Zelda
- The Indian Rupee is printed with 17 languages on it reading the amount
Sign
Unicode character U+0BF9 TAMIL RUPEE SIGN (௹) represents Rupee. is a Video game designed by Shigeru Miyamoto and developed and published by Nintendo.
See also
References
- ^ Mughal Coinage at RBI Monetary Museum. India has been one of the earliest issuers of coins in the world (circa 6th Century BC along with the Chinese wen and Lydian Staters The origin of the word Retrieved on 4 May 2008. Events 1256 - The Augustinian monastic order is constituted at the Lecceto Monastery when Pope Alexander IV 2008 ( MMVIII) is the current year in accordance with the Gregorian calendar, a Leap year that started on Tuesday of the Common
- ^ Krause, Chester L. and Clifford Mishler (2004). Standard Catalog of World Coins: 1801-1900, Colin R. The Standard Catalog of World Coins is a series of numismatic Catalogs commonly known as the Krause catalogs in the Numismatic hobby Bruce II (senior editor), 4th ed. , Krause Publications. ISBN 0-87349-798-8.
- ^ xe. com (2006-10-02). Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. Events 1187 - Siege of Jerusalem: Saladin captures Jerusalem after 88 years of Crusader rule Equivalent of 0.343762855 troy ounce of silver in U.S. dollar. Retrieved on 2006-10-02. Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. Events 1187 - Siege of Jerusalem: Saladin captures Jerusalem after 88 years of Crusader rule
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