- Monetary unit:
- Country code:
- India, Republic
- Indian rupee (INR)
- of 3 287 590 sq. km
- a Hindi , the Bengal and other 13 languages
- IN (IND) 356
Leading world currency of a monetary system of India is the Indian rupee. The term "rupee" has occurred from a Sanskrit word rupayakam which is transferred as a silver coin. Initially Indian coins were minted from silver. When in the USA have started to find out new big deposits of silver, its price began to fall promptly in relation to gold. The Indian rupee not always acted only on territories of India, in the past it was national monetary unit of Kuwait, Bahrain, Qatar and the modern United Arab Emirates. The nominal value on a denomination is printed in all official languages of the country (them 23).
Rupee symbol - Rs . One rupee is equal to 100 paisas. Rupees represent both paper moneys, and metal coins. Among paper bank notes in circulation there are 5, 10, 20, 50, 100, 500 and 1000 rupees. It is remarkable that denominations of the same nominal value can have some modifications, all such samples at all nominal values is 51. As the emitter the Reserve bank of India acts. The notes manufactured till 2002, especially small dignities, have unreliable enough protection. At denominations of the last issues with the plotting of Mohandasa Karamchanda (Mahatma) Gandi protection is more improved.
According to the Indian laws, importation and native currency exportation is not authorised. The Foreign exchange can be imported and removed without restrictions.
Issuance of bank notes of 5 rupees ceased, but since 2009 the Reserve bank of India has started to print again the this note.
It is updated 04.2012