Indian Paper Money Guide Book 2022 23 Pdf Download Free Download

[Andree Vandestreek]

Vignettesin the book include the history of Indian bank notes dating back to 1770, when the Bank of Hindostan, a private bank located in Calcutta issued its first banknotes. However, the earliest banknote to still survive is dated 1810, by the Bank of Bengal. The book includes a comprehensive listing of all Indian banknotes since 1770.[6] Early on, all paper currency of India was printed by the Bank of England and shipped to India for distribution. The British India banknotes of King George V were also printed in England. In 1928, the India Security Press at Nasik became functional and took over from the Bank of England Press the printing of notes. In 1935, the Reserve Bank of India was established, and since then it has been the only currency-issuing authority and monetary agency for India. The King George VI Portrait Series were in circulation from 1936 till 1947. The series of King George V and King George VI were also overprinted for use in Burma. The overprinted banknotes of King George VI were also used in Pakistan until 1948.[6]

The book also deals with banknotes since Indian independence, up to the current series of banknotes with the portrait of Mahatma Gandhi. These include the special-issue notes intended for use in the Persian Gulf for the Trucial States, as well as money used by the Hajj pilgrims.[6]

The Osmania banknotes of Hyderabad of 1919-1953 also form a part of this book. Also listed are the issue of banknotes by Jammu and Kashmir and the Hawala notes of Saurashtra. The scope of this book includes the issues of Indo-Portuguese notes for Goa and Indo-French territories at Pondicherry. The cash coupons of Indian Princely States that were printed on paper were issued to counteract the shortage of metal during World War II. The Prisoner of War coupons used as money by the interned prisoners of the Anglo-Boer War of 1899-1902, World War II, and the Indo-Pakistani War of 1971 are also illustrated.[6]

Prior to 1861, paper money in India was produced by a number of private banks. The Paper Currency Act of 1861 gave the British colonial government in India responsibility for the issuance of banknotes ushering in the modern era of Indian paper money. Printed by the Bank of England, notes bearing the image of Queen Victoria and denominated in rupees began to circulate. Other colonial money also circulated from France and Portugal. The Reserve Bank of India was established in 1935. India gained independence in 1947 and by 1950 was issuing rupee paper money. The new banknotes included the image of the Lion capital at Sarnath, which remains the official symbol of India currency.

A Complete guide with images, Paper Money attributes, mint details and present market estimates for various grades

The only paper money catalog

Checklist features- A best companion to collectors

Complete color Illustrations.

Well organized with standardized catalog number.

A Must guide book for variety wise, Year wise and Mint wise collectors / numismatists.

The British Empire had attempted to impose a currency monopoly a century earlier, in another dominion, with disastrous consequences. In the 13 colonies of British America, where a trade deficit had already put American businesses at a disadvantage, a currency act in 1764 rendered money from local banks useless.

Meanwhile, the colony was a mess. Business was still largely conducted in coins issued by the East India Company (EIC) and by princely states. Because the values of the coins differed widely, moving money around was cumbersome, and keeping accounts was complicated.

When a government issued notes, they received, in return, resources in the form of coins, goods or services. Unlike a gold or silver coin that could be melted down for its metals, paper money always cost less to make than its stated value. The difference between the cost of printing and managing the currency and the interest the government gained from the reserve resources would bring profits.

It turned out that the notes were interim currency issued for use in Pakistan just after Partition, before the State Bank of Pakistan was established. They were probably passed on by someone who had crossed the border with the money, but they had no value in India.

Many people collect stamps and coins as a hobby, but Rezwan Razack loved collecting Indian paper money. His collection over five decades now has a permanent home in Bengaluru, with the launch of the Museum of Indian Paper Money.

Rezwan Razack is Co-Founder and Joint MD of the Prestige Group, and the museum is housed in Prestige Falcon Towers on Brunton Road. The terrace of the building offers stunning views of Bengaluru, but the real cultural treasure is on the thirdfloor where the museum is located.

A tour of the museum is like a tour through India's colonial and post-independence history, with a collection of impressive depth and diversity. Some of the banknotes date back to the early 1800s; some notes are even uniface or one-sided.

The collection has notes representing British India, French India, Portuguese India, the Princely States of Hyderabad, Jammu and Kashmir, and Saurashtra. There are even Prisoners of War Coupons to Indian notes issued in the 19th century, as wellas particularly rare notes that were printed in India but also used in Burma and Pakistan during the early turbulent years of independence.

The inauguration featured a panel discussion by Rezwan Razack and Dr C. Rangarajan, former Governor, Reserve Bank of India (RBI). Rezwan is also co-author of The Revised Standard Reference Guide to Indian Paper Money, released in 2012. Hissecond book is titled One Rupee - One Hundred Years (1917-2017). It marked the 100th anniversary of the issue of the one-rupee note in India.

Once the museum is opened again after the coronavirus lockdown and with public safety measures in place, it will be sure to attract audiences of all ages and professions. Those eager to glimpse our history through something as powerful andinsightful as the currency note will surely be rewarded with this visual and panoramic treat.

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India's largest museum on Indian paper money was unveiled recently in Bengaluru. It was launched by Rezwan Razack, Co-founder and Joint MD of the Prestige Group of real estate developers (see Part I of our coverage here).

Unfortunately, the COVID-19 crisis has dealt a body blow to sectors like travel, tourism, performing arts, and cultural spaces. The Museum of Indian Paper Money had to be shut due to the pandemic, shortly after its launch.

When opened to the public, Rezwan assures that the museum will strictly enforce all required safety and hygiene norms. These include temperature checks, mandatory usage of masks, and frequent sanitisation of hands and bags of visitors.

Ancient India was one of the earliest issuers of coins as currency in the world. The earliest coins were made of silver and were of a standard weight, but they had irregular shapes and varied markings.

While Hindi and English may be the official languages used by the national government, the constitution recognizes 22 regional languages, with each state in India allowed to recognize its own official language. Rupee banknotes feature many of those languages.

India is primarily a cash-based economy. This dependence on cash has resulted in fake currency being circulated by those involved in illegal activities. Typically, the higher denomination notes are the most counterfeited. Fake rupee banknotes are so common in India that many travel guides help tourists distinguish between real ones and counterfeits.

Zimbabwe began experiencing hyperinflation in 2007, leading to the drastic devaluation of its currency, the Zimbabwean dollar. At one point, the government was printing bills in denominations as large as 50 billion.

Zimbabwe abandoned its own currency in 2009. In its place, the government introduced a basket of foreign currencies that could be used as legal tender in the country. The Indian rupee was added to that list in 2014.

According to the current monetary policy, banknotes are printed by the Government of India through the Security Printing and Minting Corporation of India Ltd. (SPMCIL) as well as by the Reserve Bank of India (the central bank and regulatory body of India) through Bharatiya Reserve Bank Note Mudran Private Ltd. (BRBNMPL).

If you send money home to India, you likely earn income in U.S. dollars (USD), Canadian dollars (CAD), euros (EUR), Australian dollars (AUD), or British pound sterling (GBP). When you send this income to yourself or as remittances to loved ones, or want to support a cause in your home country, Remitly can help.

We buy all U.S. and foreign rare coins and U.S. paper money that have extra collector or bullion value. This rare coins price guide and paper money price guide shown below is based on current market liquid values. This is generally what we will pay. The information should only be used once you have determined that your items do not have above average value. If you are unsure, email or text us your inventory list or pictures for a Free Appraisal.

Prices shown are for non-better date and mint mark combinations. IE, the most common items and conditions.

Most of the items listed are for circulated/used condition. If your coins or paper money are uncirculated then email us pictures.

When quoting material fromthis collection, the preferred citation is: American Paper Currency. Collection, [Box #, Folder #], Hanna Holborn Gray Special Collections Research Center, University of Chicago Library

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