Monday, August 14, 2017

A look at Indian Notes during the British rule


Every numismatist around the world must be considering taking a rebirth because one birth isn’t sufficient to learn about Indian Notes and coins. When the British East India Company came to India to explore business and trade opportunities, no one knew what their real intention was. Slowly, they began to dominate many parts of India and even took control of the Indian banks. Things began to favor the Britishers after the 1857 revolt as the British made the rupee the official currency of colonial India, with the head of King George VI replacing native designs on banknotes and coins.

It was in the year 1862, the Victoria portrait series of bank notes and coins came into existence and were issued to pay tribute to Queen Victoria. To ensure the notes were well protected, the notes of this series were cut in half, the first half was sent by post and the next sent later. However, the Notes of India during the British rule didn’t evolve as they wanted to keep a standard currency, that wasn’t complicated.

Just like a mountaineer who has his eyes set on the highest peak, a coin collector too has a goal attached to his heart and that is the never ending thirst to gain knowledge about Indian coins during the era of Kings. It was during the Mughal Period where coins transformed and various experiments were done on them. The currency notes of India after independence saw the minting of new denominations notes, some of high value. The RBI took full control of printing and design of Indian notes and many security features too were added to ensure counterfeiters don’t have their way. With the current government in power, the currency notes in India are definitely going to be one of the most powerful currencies of the world.



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