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Exchange rate history of the Indian rupee. This is a list of tables showing the historical timeline of the exchange rate for the Indian rupee (INR) against the special drawing rights unit (SDR), United States dollar (USD), pound sterling (GBP), Deutsche mark (DM), euro (EUR) and Japanese yen (JPY). The rupee was worth one shilling and sixpence ...
The Digital Rupee (e₹) [39] or eINR or E-Rupee is a tokenised digital version of the Indian Rupee, issued by the Reserve Bank of India (RBI) as a central bank digital currency (CBDC). [40] The Digital Rupee was proposed in January 2017 and launched on 1 December 2022. [41] Digital Rupee is using blockchain distributed-ledger technology. [42]
The Indian rupee was a silver-based currency during much of the 19th century, which had severe consequences on the standard value of the currency, as stronger economies were on the gold standard. During British rule, and the first decade of independence, the rupee was subdivided into 16 annas.
On 8 November 2016, the Government of India announced the demonetisation of all ₹500 and ₹1,000 banknotes of the Mahatma Gandhi Series. It also announced the issuance of new ₹500 and ₹2,000 banknotes in exchange for the demonetised banknotes. [ 2] Prime Minister Narendra Modi said that this decision would curtail the shadow economy ...
In the 1860s and 1870s, lead coins were issued for 1 ⁄ 8 and 1 ⁄ 4 pya, with copper, brass, tin and iron 1 ⁄ 4 pe (1 pya) and copper 2 pya. Further gold coins were issued in 1866 for 1 pe, 2 + 1 ⁄ 2 mu and 1 kyat, with 5 mu issued in 1878.
The history of money is the development over time of systems for the exchange, storage, and measurement of wealth. Money is a means of fulfilling these functions indirectly and in general rather than directly, as with barter . Money may take a physical form as in coins and notes, or may exist as a written or electronic account.
500 BC Silver punch-marked coins [1] were minted as currency belonging to a period of intensive trade activity and urban development by the Mahajanapadas. [2] [3]1 AD Indian subcontinent under the Gupta Empire united much of the subcontinent, contained 33.21% of the world’s population and contributed to around 33 to 35% of World's GDP [4] and generated an estimated average of $450 (1990 ...
This is a timeline of Indian history, comprising important legal and territorial changes and political events in India and its predecessor states. To read about the background to these events, see History of India. also see the list of governors-general of India, list of prime ministers of India and Years in India.