Indian Paper Money Guide Book 2018 Pdf Free Download

[Skyy Mansour]

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.

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

The Continental Congress was not the only government issuing currency during the Revolutionary war period. The states considered themselves freed from the legal restrictions of England and issued a profusion of notes. Many of these were revolutionary in design and wording. Although some early war issues, particularly in New England, were redeemed, most eventually went the way of the Continental dollar.

About half a dozen examples of United States currency are to be found in this Collection. These items include an example of the first Demand Notes (1861) known as greenbacks; a $50 legal tender note of 1862; a piece of postal currency; and some fractional paper currency.

Although a state could not issue money it had another alternative besides chartering private banks. Kentucky set up the Bank of the Commonwealth of Kentucky whose entire stock belonged to the state. Its notes, of course, were not legal tender and no one was required to accept them under federal law, but Kentucky used the wildcat technique to get around this difficulty. This Collection contains many examples of notes issued by the Bank of the Commonwealth of Kentucky. Many of these came to the University Library through the Durrett Collection.

Included in this section are many notes issued by private agencies within the southern states during the time that they were members of the Confederacy. Technically these issues should be considered Confederate and not United States currency, however, for reasons of expediency and organization, they have been included in Series I of this Collection.

Four folders of items resembling money have been included in this Collection. These are receipts, merchandising coupons, advertisements made to look like money, stock certificates, and promissory notes.

The Confederate States of America spewed forth an ever-increasing amount of paper currency which eventually engulfed the economy of the South and drowned it. The Confederate Constitution, unlike that of the United States, did not limit the right to issue paper currency to the central government. Thus a mass of different governments and private agencies contributed to the paper confusion of the Southern economy. States, municipalities, banks, railroads, and businesses all competed with the Confederate government in the issuance of currency. Also no coins were minted in the South so paper money, including fractional currency, was needed to meet the demands of all financial transactions.

As paper money became more and more inflated the Confederacy printed greater quantities of bills, flooding the South with currency. Printing, which was of rather high quality at the beginning of the war deteriorated and the color, clarity, and paper declined also. The very first Confederate notes were actually engraved in New York by the National Bank Note Co. With the outbreak of hostilities, however, the business was transferred south and private firms began production of Confederate currency since there was no government printing office. The usual technique was lithography.

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