History of Indian Currency Essay | Indian Currency History in Hindi – Deepawali

History of Indian Currency (Currency) and its Evolution (Initiation of Paper Currency, History of Rupee-Coins) (Indian Currency History, Mudra History, Money, Coin, Notes)

You must have heard a common thing on the tongue of almost every Indian, that is, ‘Baap Bada Na Bhaiya Sabse Bada Rupaiya’. In today’s time, to earn money, a person does good and bad work, because without money, no person can do his daily life and take care of himself and his family properly. Today we are going to give you some important information related to money like: – When did money start, who made it, and when was money first used? And so on. Today we are going to tell you about the entire history of Indian currency through this article and will also tell how the Indian currency developed?

When and who was the first to use the word Rupee? (Bhartiya Mudra ka Itihas in hindi)

Talking about Indian currency, then let us also know that when and who used the word Rupee? According to historian experts, the first use of the word Rupee was done by Sher Shah Suri between 1545 and 1540. Sher Shah Suri started the circulation of the rupee to make good economy and good governance even better and he ordered the rupee to be the first to run in the form of coins.

Sher Shah Suri used silver, gold and copper metal to make coins. Let us tell you that during that time people used to do business with the coins run by him by saying the price of the coins run by him and also by the name of the seal.

To know when the massacre of Kashmiri Pandits happened Click here

When was the introduction of paper notes in the form of money in India?

Actually, paper notes were in circulation in our country from 1770 AD and it was first issued by Bank of Hindustan. But when the British rule was going on in India, then for the first time in 1917, paper notes were issued by the British rule. Before the independence of our country in Nashik, Maharashtra, in 1926, the paper was allowed to be printed by the bank.

Where did the word rupee come from?

The word Rupee is derived from the Sanskrit word Rupee, which in Hindi means silver. The oldest language of our India was Sanskrit, this implies that the word Rupee is derived from the Hindu Sanskrit language word Rupee.

When was the Reserve Bank of India granted permission to print Indian coins?

When in India, RBI did not have all these powers, such as printing of notes, how many rupee notes to print and the responsibility of keeping accounts on the notes issued etc. Before that, all Indian currencies used to come printed from England. In the year 1935, the Reserve Bank of India was given the responsibility of issuing rupees and printing rupees. Note printing machine was established for the first time in our country in 1928 in Nashik district of Maharashtra and here for the first time the notes of Rs 5, 10, Rs 100, Rs 1000 and Rs 10000 were printed by the Reserve Bank of India. And all these paper notes issued by RBI were also issued all over India.

To know what is demonetisation, when it happened Click here

What is the history of pictures printed on Indian currency notes?

When our country did not become thousand from British rule, before that pictures were printed by British administration on all Indian currency. These currencies were continued by the British administration for some time even after independence. But when Indian currencies were printed for the first time in India in 1949, their appearance was completely separated from the British administration. First Indian currency was printed as one rupee and Ashoka Pillar was given place in the print of this note. From this place, changes have been made continuously during the print in Indian Rupee. RBI has printed many notes, in which different cultural and historical buildings of India were printed in different ways. For example, pictures of Gateway of India and Brihadeshwar temple were printed and not only this, when the notes were printed in 1953, Hindi language was used on the notes by the Government of India.

What was the value of Indian one rupee against dollar at the time of independence?

In today’s time, almost every Indian youth and student want to know that when our country became independent, then how much was the value of US dollar at that time according to ₹ 1. Let us tell you that in 1947 the US $1 was equal to 1 rupee.

Since when was the picture of Gandhi ji in Indian Rupee and the picture of Gandhi ji mentioned in the note is a cartoon or is it a photo print of reality?

There have been many changes in the history of Indian notes and they also have a long history. Let us tell you that in all the Indian currency that has been printed after 1996, Gandhiji’s picture has been inscribed. Earlier, pictures of Ashoka Pillar were printed in Indian currency, but Ashoka Pillar is still given place in Indian currency, just by removing it from the place where it was earlier, it has started to be printed side by side in a slightly smaller size.

Now let’s talk whether the picture of Gandhiji is printed on Indian currency notes, is it cartoony or is that picture in reality of Gandhiji. For your information, let us tell you that this is a real picture of Gandhiji which was taken by an unknown photographer during a meeting with Frederick Pethick Lares at the Viceroy’s House in Kolkata, at that time Gandhi’s smiling face came in the picture. , which is also marked on today’s notes.

Since then, many major security changes have been made on Indian notes, so that the difference between real notes and fake notes can be detected. In today’s time, you will be getting to see different colors and notes of Rs 5, Rs 10, Rs 20, Rs 50, Rs 100, Rs 500 and Rs 2000 in new designs.

To know why 500 and 1000 rupee notes were discontinued Click here

Who invented the rupee sign?

The rupee symbol was invented by Uday Kumar, IIT Assistant Professor, Guwahati. In 2010, this symbol was officially started to be printed on the notes.

When did the rupee depreciate in India and what is devaluation?

Before knowing when the devaluation happened in our country, let us know, what does devaluation actually mean? In real terms, devaluation means when the economic currency of any country is reduced by its rate against the currency of another country.

Let me explain to you in easy language, if the value of our country’s currency is ₹ 2 in Nepal, then in this situation, if any other country reduces the value of our currency, then in this situation in Nepal which is the value of our currency at this time. If it will either come equal to it or it will be less than it, then in this situation we call it devaluation. So far our country has been devalued 3 times. The Indian currency was devalued for the first time in 1949.

In which countries is the value of rupee higher?

Due to continuous devaluation, there has been a continuous decline in the value of the rupee. In the current situation, the value of $1 is Rs.72 in Rupees. But there are many other countries, where the value of Indian Rupee is more. For your information, we have given below some details of many other countries, where the value of rupee is high. Which are as follows.


One Rupee = 354 Vietnamese Currency (Dong)


One Rupee = 208 Indonesian Currency (Rupiah)


One Rupee = 87 Paraguayan Currency (Guarani)


One Rupee = 64 Cambodian Currency (Ryal)


One Rupee = 38 Mongolian Currency (Tugrik)

Costa Rica

One Rupee = 9 Costa Rican Currency (Cologne)


One Rupee = 4 Hungarian currency (Forint)


One Rupee = 2 Icelandic Currency (Krona)

Sri Lanka

One Rupee = 2 Sri Lankan Currency (Rupee)


One Rupee = 2 Pakistani Currency (Rupee)

Apart from these countries, there are many other countries like Belarus, Zimbabwe, South Korea, Japan, Nepal etc. where the value of Indian currency is more than the currency there.

pay attention : The figures given are volatile and may increase or decrease.

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