• About   |
  • Contact
Buzzpedia
  • Home
  • Travel
  • Places
  • Gossips
  • Hollywood
  • Celebs
  • Quotes
  • Movies
No Result
View All Result
  • Home
  • Travel
  • Places
  • Gossips
  • Hollywood
  • Celebs
  • Quotes
  • Movies
No Result
View All Result
Buzzpedia
No Result
View All Result
ADVERTISEMENT
Home Education

5 interesting Facts about Indian currency

Hiba Yameen by Hiba Yameen
October 21, 2020
in Education, Infotainment, Listicles
Representative Image

Representative Image

0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Do you remember the Barter system? The hardships it follows in lieu of standard currency to conduct the fair exchange. Well, Toil is for good. In the nick of time, it corroborates to be useful. The invention of monetary transaction brought an actual change in era. Money change time. Nevertheless, with the advent of time, it shreds of its form too.
This article may appeal to those who love money. Wait a sec…. Who doesn’t love money? We all love it from the core of our heart, right!!
Let’s give a shot to know more interesting facts about our favourite thing- our currency- The Indian rupee.

Table of Contents

  • 1) Origin of Indian currency
  • 2) Minting place of coins and Notes
  • 3) The paper note is not made up of paper
  • 4) Indian currency: Symbolizes diversity in India
  • 5) 10 countries where travelling is cheaper for Indians

1) Origin of Indian currency

The coins have marked their spot in the system from 6th century BC. It was during the era of Mahajanpadas where silver metal was used, to mint coins. Since, then metals like gold, copper, nickel and lead started to utilize in transforming into coins. Right now the current coin of the 21st century is made of Cupro-Nickle (an alloy of copper and nickel). The paper currency came into being during British rule in 1861. It was firstly issued by Hindostan Bank, Bengal. Later in 1935 when RBI established, it reserves all rights to take care of money circulation.

Indian currency
source:coin.competition.eu

2) Minting place of coins and Notes

The Indian government has appointed four locations to mint and print Indian currency. There are only four places where coins are minted. Now, it’s no more a mystery to know its whereabouts. There are small symbols inscribed beneath the year of minting on the coin’s side. It is now easy to decipher.

  1. Dot stands for Delhi mint
  2. Diamond stands for Mumbai mint
  3. Star Hyderabad mint
  4. No mint mark stands for Kolkata mint

Similarly, Notes are printed at four different places, namely:

  1. Nashik
  2. Dewas
  3. Mysore
  4. Salboni
Coin: Anatomy, Indian coins, Motto,History, Mint Marks - Learn Talk Money
Credit: Quora.com

 

3) The paper note is not made up of paper

One can easily be fooled by its paper-like appearance, however, it’s not the same. The material used in producing paper note is the amalgam of various elements such as pulp of cotton, balsam, dyes and textile fibres. Moreover, the exact quantity and formula are not made public by the government. This is to make it less prone to corruption. The other reason for the choice of these components is to make note resilient.

ADVERTISEMENT

(NOTE: Don’t ever try to forge notes. Even a minor error in the ratio will be a catch for experts.)

Indian currency

4) Indian currency: Symbolizes diversity in India

Indian currency is not less than any souvenir. If looked at closely, it’s a full package of Indian diversity in itself. The smallest number after the demonetization in paper print is 10 rupee. 63 mmX123 mm size of it enclose a lot of facts about the country.

  • Number of Languages on the note

There are 22 languages scheduled in the constitution of India. Out of which 17 has displayed on both sides of the note. At one side of the note, the denomination is printed in 2 languages i.e. Hindi and English while on the opposite side 15 languages of state-level are mentioned. It is reproduced in the chronology below:

  1. Assamese
  2. Bengali
  3. Gujrati
  4. Kannada
  5. Kashmiri
  6. Konkani
  7. Malayalam
  8. Marathi
  9. Malayali
  10. Odia
  11. Punjabi
  12. Sanskrit
  13. Tamil
  14. Telugu
  15. Urdu

Indian currency

  • Different note; different places

Places and historical monuments from different remarkable parts of India are also reflected in its currency.

  • On rupee 10- Sun temple at Konark, Odisha
  • On rupee 20 (older series)- the view of “Mount Harriet Light House” in Port Blair, Andaman and Nicobar island.
  • On rupee 20- Ellora caves, Aurangabad, Maharashtra
  • On rupee 50- Stone chariot, Hampi, Karnataka
  • On rupee 100 (older series)- Mt. Kanchenjunga, Sikkim
  • On rupee 100- Rani ki Vav, Patan town, Gujrat
  • On rupee 500- Red Fort, New Delhi
  • On rupee 2000- Mangalyaan( Indian satellite)
Indian currency
credit: mintageworld.com

5) 10 countries where travelling is cheaper for Indians

Forget about the comparison with the US dollar. It only makes us feel low. Why don’t we lift our spirits by exploring the countries that will value our every penny?

Below are 10 countries that have a lower value than the Indian currency.

  1. Indonesia (1 INR = 197.46 Indonesian Rupiah)
  2. Vietnam (1 INR = 326.87 Vietnamese Dong)
  3. Cambodia (1 INR = 57.34 Cambodian Riel)
  4. Iceland (1 INR = 1.73 Icelandic Krona)
  5. Hungary (1 INR = 4.17 Hungarian Forint)6
  6. Japan (1 INR = 1.55 Japanese Yen)
  7. Costa Rica (1 INR = 8.00 Costa Rican Colon)
  8. Paraguay (1 INR = 90.93 Paraguayan Guarani)
  9. Chile (1 INR = 10.75 Chilean Peso)
  10. South Korea (1 INR = 16.49 South Korean Won)

“Don’t listen to what they say, go see” ~ Chinese Proverb.

Do not let your heart sink. There are still places that won’t be heavy on your pocket. Cheers to INR. Indian currency richly crafted is a souvenir in a foreign land.

Read: Shashi Tharoor’s exotic vocabulary: 10 top unique English words he taught us

For more, like us on Facebook or follow us on Twitter, Instagram  and Telegram

 

Tags: Amazing factsCureencyGovernment of IndiaIndia
Previous Post

Heartfelt Letters to Raj, Simran and Lajjo Ji on 25 Years Of DDLJ

Next Post

Nitin Mehta: An Indian Army officer for over two decades turned into a successful fashion model

Hiba Yameen

Hiba Yameen

Next Post
Image Credit: Instagram

Nitin Mehta: An Indian Army officer for over two decades turned into a successful fashion model

Comments 0

  1. Pingback: Money Laundering 101: How It Is Done In India – The Second Angle
  2. Pingback: Happy Birthday Virat Kohli: 16 Lesser-known Facts About The Indian Cricket Captain – The Second Angle

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

latest posts

Indian currency
offbeat

Reaping the Benefits of Solar Energy Sustainability

by buzzdev
January 9, 2023
0

Solar panels can help you reduce your carbon footprint and save money simultaneously! In this article, we will tell you...

Read more
Indian currency

Look Fashion Forward with Rose Gold Bangles

November 15, 2022
Mismatched Season 2 Episode 3 100 Reasons To Hate You Review: Creators Touch Upon Important Issues

Mismatched Season 2 Episode 3 100 Reasons To Hate You Review: Creators Touch Upon Important Issues

October 28, 2022
Mismatched Season 2 Episode 2 Girl In The Middle Review: Clichéd Plot But Great Chemistry

Mismatched Season 2 Episode 2 Girl In The Middle Review: Clichéd Plot But Great Chemistry

October 24, 2022
Mismatched Season 2 Episode 1 When Dimple Met Rishi Again Review- A Good Start With Prajakta Koli And Rohit Saraf

Mismatched Season 2 Episode 1 When Dimple Met Rishi Again Review- A Good Start With Prajakta Koli And Rohit Saraf

October 20, 2022
ADVERTISEMENT

About Us

Buzzpedia

Buzz signifies a feeling of excitement and The BuzzPedia is here to deliver that very atmosphere of excitement. From reviews of the newly released series/movies to the news of the entertainment industry and so much more from the ‘lighter’ aspects of life, we are here to make your time full of smiles, laughter, lively chatter, and thrill.

Follow Us

Facebook Twitter Instagram Youtube

Recent

Indian currency

Reaping the Benefits of Solar Energy Sustainability

January 9, 2023
Indian currency

Look Fashion Forward with Rose Gold Bangles

November 15, 2022
  • About
  • Contact
  • Careers
  • Privacy Policy
  • Terms
  • Advertise With Us

© 2022. BuzzPedia.
Managed by SquareBase.io

No Result
View All Result
  • Celebs
  • Gossips
  • Hollywood
  • Movies
  • Quotes
  • Travel
  • Places

© 2022. BuzzPedia.
Managed by SquareBase.io

Go to mobile version