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Hyderabad continued to mint its coins until 1948 when India occupied the state after the Nizam refused to cede it to the new Dominion. In 1950, the Indian rupee was introduced alongside the local currency, with the relationship of 7 Hyderabadi rupees = 6 Indian rupees being used. In 1951, the Hyderabadi rupee ceased to be issued and the Indian ...
In 1992, a new stainless steel rupee coin, smaller and lighter than the older rupee, was minted, alongside a 5 rupee Cupronickel coin. In 2005, the 10 rupee coin was minted for the first time. Higher denomination coins were introduced due to an increasing demand for change and the increasing cost of printing ₹2, ₹5 and ₹10 banknotes.
The Indian 1000-rupee banknote (₹ 1000) is an obsolete denomination of the Indian rupee. It was first introduced by the Reserve Bank of India in 1938 under British rule and subsequently demonetized in 1946. Post-independence, the denomination was re-introduced in 1954.
Coins produced thereafter ceased to carry the name of Emperor of India. Instead, coins produced in the Hyderabad Royal Mint were inscribed with name of the dynasty, initials of Nizam of Hyderabad and the numeral 92 (of Islamic religious significance; represents sum of symbolic numbers of the letters in Prophets and messengers in Islam).
The ₱20 coin received its final designs in the same month and the two coins will be released for circulation in December 2019. The 5-piso coin will have a nonagonal shape. The 20-piso coin will be bimetallic. The 20-piso coin will be the second bimetallic coin in circulation after the 10-piso coin of the New Design/BSP series. In 2020, the ...
Five-rupee coins, made from brass, are being minted by the Reserve Bank of India (RBI). In 1997 the 20 paise coin was discontinued, followed by the 10 paise coin in 1998, and the 25 paise in 2002. Between 2005 and 2008 new, lighter fifty-paise, one-, two-, and five-rupee coins were introduced, made from ferritic stainless steel.
India was then a part of the sterling area, and the rupee was devalued on the same day by the same percentage so that the new dollar exchange rate in 1949 became ₹4.76 — which is where it stayed till the rupee devaluation of 1966 made it ₹7.50 to the dollar and the pound moved to ₹21.
Mumbai Mint has a state-of-the-art gold refining facility up to 999.9. Hyderabad Mint has electrolytic silver refining facility up to 999.9. Commemorative coins are made at Mumbai and Kolkata. Kolkata and Hyderabad have facilities for making medallions, too. The Noida mint was the first in the country to mint coins of stainless steel.