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Rupee at the Time of British

Rupee at the Time of British



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Published by vish.sandy
Rupee at the Time of British
Rupee at the Time of British

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Published by: vish.sandy on Nov 24, 2008
Copyright:Attribution Non-commercial


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Rupee at the time of british
The first set of British India notes were the 'Victoria Portrait' Seriesissued in denominations of 10, 20, 50, 100, 1000. These wereunifaced, carried two language panels and were printed on hand-moulded paper manufactured at the Laverstock Paper Mills (Portals).The security features incorporated the watermark (GOVERNMENT OFINDIA, RUPEES, two signatures and wavy lines), the printed signatureand the registration of the noteThis series remained largely unchanged till the introduction of the'King's Portrait' series which commenced in 1923. British India Notesfacilitated inter-spatial transfer of funds. As a security precaution,notes were cut in half. One set was sent by post. On confirmation of receipt, the other half Small Denomination NotesThe introduction of small denomination notes in India was essentiallyin the realm of the exigent. Compulsions of the first World War led tothe introduction of paper currency of small denominations. Rupee Onewas introduced on 30th November, 1917 followed by the exoticRupees Two and Annas Eight. The issuance of these notes wasdiscontinued on 1st January, 1926 on cost benefit considerations.These notes first carried the portrait of King George V and were theprecursors of the 'King's Portrait' Series which were to follow.wasdespatched by post. Regular issues of this Series carrying the portraitof George V were introduced in May, 1923 on a Ten Rupee Note. TheKing's Portrait Motif continued as an integral feature of all Paper Moneyissues of British India . Government of India continued to issuecurrency notes till 1935 when the Reserve Bank of India took over thefunctions of the Controller of Currency. These notes were issued indenominations of Rs 5, 10, 50, 100, 500, 1000, 10,000.

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