Daily Archives: April 18, 2017

11 Facts About the Indian Rupee That You Probably Didn’t Know:

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Do you know Reserve Bank of India is the authority which makes any decisions about cash flow in our country? We all love money. Isn’t it? But how well do you know about your money? Feels disgusting about your penny?

11 Facts About the Indian Rupee That You Probably Didn’t Know

Are you ready to appear for any of the bank exams? If yes is your answer, then you need to prepare well and you need to update yourself in the current affairs. There are many bank exams training centers in Chennai which will help you to crack your exams and to get higher rankings.

This post will aim to explain you the 12 amazing facts about the Indian rupee that you didn’t probably know. I bet you, after reading this post, you will start feeling proud of your penny.

  1. Do you know we do have 10,000 and 5,000 notes? Yes, you heard it right. They were in circulation during the period between 1954 and 1978. But it becomes unused as the time passes by.
  2. There was a time when Pakistan don’t even have rupees, and they used Indian Rupees stamped with the Pakistan symbol during the time of our independence.
  3. That time use of one rupee notes are highly restricted, and they can be issued only by the Finance Minister along with the sign of the Secretary.
  4. Nepal banned the 500 and 1000 rupees notes which we are using now.
  5. There were times when the smugglers use 5 rupee coins, and they smuggled it to Bangladesh to make razors.
  6. Are you struggling to type the Indian Rupee symbol on your keyboard? If you answered yes, then you have to press “Shift + Ctrl + $” on your keyboard.
  7. As many of us know, the coins were taken from the mines once upon a time, and the mining cost of a 10 rupee coin is 6.10 rupee.
  8. Wish to determine the place where the coin was minted? You can quickly identify it with the mark below the date of minting.
  9. Do you know you can exchange your torn note from a bank? If the torn part is more than 51%, also you can change it.
  10. There were times when the value of one rupee is higher than the dollar value. To be precise, 1 rupee = 13 USD in 1917.
  11. Each of the Indian notes will carry an imprint of something Indian. For example, in 20 rupee note, you may find the mark of the Andaman Islands.

Do you feel wiser by your penny now?