Rupee - Wikipedia, the free encyclopedia. This article is about the currency used in various countries in Asia.
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For other uses, see Rupee (disambiguation). BC. The rupee is the common name for the currencies of India, Sri Lanka, Nepal, Pakistan, Indonesia, Mauritius, Seychelles, Maldives, and formerly those of Afghanistan, Burma and British and German East Africa.
In the Maldives, the unit of currency is known as the rufiyah, which is a cognate of the Hindirupiya. The Mauritian and Sri Lankan rupees subdivide into 1. The Nepalese rupee subdivides into one hundred paisas (both singular and plural) or four sukas or two mohors.
Exchange rates in 2. It is derived from the noun r.
Ancient India had some of the earliest coins in the world. The rupee coin has been used since then, even during British India, when it contained 1. ASW. 1. 5 rupees to 1 pound sterling. Valuation of the rupee based on its silver content had severe consequences in the 1. The discovery of vast quantities of silver in the United States and various European colonies resulted in a decline in the value of silver relative to gold.
Denominations. A paisa was equal to two dhelas, three pies and six damaris. Other coins for two paisas (taka), two annas (dawanni), four annas (a chawanni, or a quarter of a rupee), eight annas (an atthanni, or half a rupee) were widely in use until decimalization in 1.
The names of these coins denote the numeral of their value in annas in Urdu, except taka (two paisas or half an anna). While the word taka was commonly used in East Pakistan (now Bangladesh), alternatively for rupee, the two- paise coin was called a taka in West Pakistan.
Tanka is an ancient Sanskrit word for money. As the value of rupee rapidly eroded over the years, minting of the fractions of decimalized rupee has been completely abandoned. All fractions of the rupee are of only historical significance and no fractions are in use at all. A taka in West Pakistan was worth two paises while this word was used alternatively for rupee in East Pakistan.
After its independence, Bangladesh started to officially call its currency . Decimalisation occurred in Ceylon (Sri Lanka) in 1. India in 1. 95. 7, and in Pakistan in 1. Thus, an Indian rupee is now divided into 1. Paisa is sometimes referred to as naya paisa, meaning the .
The issuance of the Indian currency is controlled by the Reserve Bank of India, whereas in Pakistan it is controlled by State Bank of Pakistan. The most commonly used symbol for the rupee is . India adopted a new symbol (. 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. In Odisha it is known as tanka. In India, currency is issued in denominations of 1, 2, 5, 1.
Large denominations of rupees are often counted in lakh (1. Arab, 1. 00 Arab = 1 kharab/khrab, 1. Kharab/khrab = 1 nil/neel, 1. Terms beyond a crore are not generally used in the context of money, e. It resembles, and is often written as, the Latin character sequence .
It is common to find a prefix before the digits denoting the rupee currency value written as . Some of them are encoded in the Unicode standard: Rupee Sign in other languages. Language. Sign in Unicode. Sinhala. The new sign is a combination of the Devanagari letter . The parallel lines at the top (with white space between them) are said to make an allusion to the tricolor Indian flag. Udaya Kumar, son of N. Dharmalingam, a former DMKMLA.
The petitioner, Rakesh Kumar, who was a participant in the competition, described the process as . Let the same be filed within six weeks.
Ancient India was one of the earliest issuers of coins in the world. Prior to the introduction of the Afghan rupee in 1.
Kabuli rupee. Until the middle of the 2. Tibet's official currency was also known as the Tibetan rupee.
The usage of the rupee in East Africa extended from Somalia in the north, to 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. The rise in the price of silver immediately after the first world war caused the rupee to rise in value to two shillings sterling. In 1. 92. 0 in British East Africa, the opportunity was then taken to introduce a new florin coin, hence bringing the currency into line with sterling. Shortly after that, the florin was split into two East African shillings. This assimilation to sterling did not, however, happen in British India itself. In Somalia, the Italian colonial authority minted 'rupia' to exactly the same standard, and called the pice 'besa'.
Straits Settlements. The Spanish dollar had already taken hold in the Straits Settlements by the time the British arrived in the 1. The East India Company tried to introduce the rupee in its place.
These attempts were resisted by the locals, and by 1. British government took over direct control of the Straits Settlements from the East India Company, attempts to introduce the rupee were finally abandoned. See also. Retrieved 2. September 2. 00. 8. Dr Gundert does not doubt that the Sanskrit rdpa is derived from this Dravidian uruppu, even though uriivu may be a tadbhava of r.
Upa. Retrieved 4 May 2. Subodh Kapoor (January 2. The Indian encyclopaedia: biographical, historical, religious .., Volume 6. Standard Catalog of World Coins: 1. Bruce II (senior editor) (4th ed.).
Retrieved 2 October 2. Retrieved 2. 8 May 2. Retrieved 7 March 2. Retrieved 1. 0 July 2. Cite error: Invalid < ref> tag; name . Retrieved 2. 6 July 2. Ministry of Finance, Govt of India.
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Retrieved 3 July 2. Sher Shah issued a coin of silver which was termed the RUPIYA. This weighed 1. 78 grains and was the precursor of the modern rupee. It remained largely unchanged till the early 2. Century ^Turner, Sir Ralph Lilley (1. Includes three supplements, published 1. Digital South Asia Library, a project of the Center for Research Libraries and the University of Chicago.
Retrieved 2. 6 August 2. Includes three supplements, published 1. Digital South Asia Library, a project of the Center for Research Libraries and the University of Chicago. Retrieved 2. 6 August 2. The currency in general use was what was known at the Tibetan rupee .. Area Handbook for the Persian Gulf States. The Indian rupee was the principal currency until 1.