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Different commemorative coins of 5 Rupees 10 Rupees silver coin of India 1972 (25 years of India's independence) The first Indian commemorative coin was issued in 1964 in remembrance of Jawaharlal Nehru's birth anniversary. Since then, numerous coins from 5 paise (INR 0.05) to ₹1000 (INR 1000.00) have been issued.
Sher Shah Suri, the founder of the Sur Empire ruled North India from 1540 to 1545 AD. [1] During his reign, Suri issued pure silver coins in 1542 and named it Rupiya (from Sanskrit रौप्य, raupya, meaning silver). The denomination remained in usage through the Mughal, Maratha, East India company and British rules.
In 1792, the gold/silver price ratio was fixed by law in the United States at 15:1, [11] which meant that one troy ounce of gold was worth 15 troy ounces of silver; a ratio of 15.5:1 was enacted in France in 1803. [12] The average gold/silver price ratio during the 20th century, however, was 47:1. [13]
Lettering of "भारत" on left, "india" on right, Lion capital at centre with the lettering "सत्यमेव जयते" below it. Designer: RBI: Design date: 2011: Reverse; Designer: RBI: Design date: 2011
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The ₹20 coin is the highest-denomination circulation coin minted in India since its introduction in 2019. The present ₹20 coin is released for circulation. The release of the coin was supposed to be in March 2020, but it was shifted to May 2020 because of the COVID-19 lockdown. [citation needed] This is used alongside the 20 rupee banknote.