You are here
Rupee | Indian Currency | Indian Rupee | Rupees I INR
- 11147 reads
Indian Rupee:
The official unit of currency of India is Rupee. A rupee is further sub-divided into one hundred smaller units called Paise. The rupee has been named after the silver coin, rupiah, first issued by Sultan Sher Shah Suri in the 16th century, during his five year rule from 1540 to 1545 A.D. The system was continued by the next dynasties that ruled the country subsequently.
Demonetization:
India had demonetized its currency notes valued at five hundred rupees and one thousand rupees on November 8, 2016 and introduced the notes of new denomination of two thousand rupees for the first time in the history of India. Subsequently, notes of denominations rupees five hundred and rupees two hundred have been issued. The new currency notes of rupees five hundred, two hundred and ten rupees have been issued with a new design with a slight reduction in their size.
There has been a proposal to issue new currency notes of rupees one thousand with a new design, reducing their size compared to their older counterparts. Issue of coins and currency notes is under the official control of the central bank of the nation called Reserve Bank of India. In the wake of anti-money laundering efforts, India is contemplating to ban the usage of the currency notes of two thousand rupees at a time when it feels appropriate.
Code:
INR
Symbol:
₹
Subunit:
1 INR /100 Paise (p)
Bank Notes:
₹1, ₹2, ₹5, ₹10, ₹20, ₹50, ₹100, ₹200, ₹500, ₹2000
Coins:
₹1, ₹2, ₹5, ₹10
Read and Know the tour places in India
Bheemkund | Mysterious Water Pond
Indian's VISA God-Chilkur Balaji
Central Bank:
Reserve Bank of India
Rupee subdivisions during British rule:
1 rupee = 16 anna (later 100 naye paise)
1 ardharupee = 8 anna, or 1⁄2 rupee (later 50 naye paise)
1 pavala = 4 anna, or 1⁄4 rupee (later 25 naye paise)
1 beda = 2 anna, or 1⁄8 rupee (later equivalent to 12.5 naye paise)
1 anna = 1⁄16 rupee (later equivalent to 6.25 naye paise)
1 paraka = 1⁄2 anna (later equivalent to 3.125 naye paise)
1 kani (pice) = 1⁄4 anna (later equivalent to 1.5625 naye paise)
1 damari (pie) = 1⁄12 anna (later equivalent to 0.520833 naye paise)
1 rupee = 16 anna
1 Athanni (dheli) = 1⁄2 rupee
1 Chawanni = 1⁄4 rupee
1 Dawanni = 1⁄8 rupee
1 Anna/Ekanni = 1⁄16 rupee
1 Taka/Adhanni = 1⁄32 rupee
Paisa = 1⁄64 rupee
Dhela = 1⁄128 rupee (1⁄2 paisa)
Pie = 1⁄3 paisa = 1⁄192 rupee
Damari = 1⁄4 paisa = 1⁄256 rupee.
Unofficial User countries:
Nepal, Bhutan, Zimbabwe
Previously Indian Rupee is official in other countries:
Aden, Oman, Dubai, Kuwait, Bahrain, Qatar, Trucial States, Kenya, Tanganyika, Uganda, Seychelles and Mauritius.
Most traded currencies:
Add new comment