India - 5 Indian Rupees - P-80r - Foreign Paper Money

5 Rupees, P-80r. The Indian rupee (symbol ?; code: INR) is the official currency in the Republic of India. The rupee is subdivided into 100 paise (singular: paisa). The issuance of the currency is controlled by the Reserve Bank of India. The Reserve Bank manages currency in India and derives its role in currency management on the basis of the Reserve Bank of India Act, 1934.

The immediate precursor of the rupee is the r?piya—the silver coin weighing 178 grains minted in northern India, first by Sher Shah Suri during his brief rule between 1540 and 1545, and later adopted and standardized by the Mughal Empire. The weight remained unchanged well beyond the end of the Mughals until the 20th century. Though P??ini mentions r?pya (?????), it is unclear whether he was referring to coinage. Arthashastra, written by Chanakya, prime minister to the first Maurya emperor Chandragupta Maurya (c.?340–290 BCE), mentions silver coins as r?pyar?pa. Other types of coins, including gold coins (suvar?ar?pa), copper coins (t?mrar?pa), and lead coins (s?sar?pa), are also mentioned. Read more at https://en.wikipedia.org/wiki/Indian_rupee

Read More

Read Less