Monday, 16 June 2014

"RUPEE"

                                                        


Rupee is the name given to the official currency that is used in several Countries including India, Bhutan, Pakistan, Sri lanka, Nepal, Mauritius, Maldives& Indonesia. Among all the Countries mentioned above, the Indian Rupee is the most important with respect to Value, Preference & Popularity.
The Indian Rupee symbol is an amalgam of both Devanagari consonant "" (Ra) & the Latin (R) without the vertical bar.  The word "Rupee" was derived from the Sanskrit word rūpyakam, which means "wrought silver, a coin of silver". The history of the Indian rupee traces back to Ancient India in circa 6th century BC, ancient India was one of the earliest issuers of coins in the world, along with the Chinese Wen and Lydian staters. The values of the subdivisions of the rupee during British rule (and in the first decade of independence) were:
  • 1 rupee = 16 anna (later 100 naye paise)
  • 1 artharupee = 8 anna, or 1/2 rupee (later 50 naye paise)
  • 1 pavala = 4 anna, or 1/4 rupee (later 25 naye paise)
  • 1 beda = 2 anna, or 1/8 rupee (later equivalent to 12.5 naye paise)
  • 1 anna = 1/16 rupee (later equivalent to 6.25 naye paise)
  • 1 paraka = 1/2 anna (later equivalent to 3.125 naye paise)
  • 1 kani (pice) = 1/4 anna (later equivalent to 1.5625 naye paise)
  • 1 damidi (pie) = 1/12 anna (later equivalent to 0.520833 naye paise)
In 1957, the rupee was decimalised and divided into 100 naye paise (Hindi for "new paise"); in 1964, the initial "naye" was dropped. Many still refer to 25, 50 and 75 paise as 4, 8 and 12 annas respectively, similar to the usage of "two bits" in American English for a quarter-dollar.
The parallel lines at the top (with white space between them) are said to make an allusion to the tricolor Indian flag and also depict an equality sign that symbolizes the nation's desire to reduce economic disparity.
The final selected symbol was designed by D. Udaya Kumar, a Bachelor of Architecture and visual design student at the Industrial Design Centre, IIT Bombay.
Ubuntu became the first operating system to support the Indian rupee symbol by default
Value
Diameter
(in mm)
Mass
 (in grams)
Composition
First produced (in year)
50 paise
19
3.79
Ferritic stainless steel
2011
50 paise
22
3.79
Ferritic stainless steel
2008
1
25
4.85
Ferritic stainless steel
1992
1
25
4.85
Ferritic stainless steel
2007
1
22
3.79
Ferritic stainless steel
2011
2
27
5.62
Ferritic stainless steel
2007
2
25
4.85
Ferritic stainless steel
2011
5
23
9
Cupro-Nickel
1992
5
23
6
Ferritic stainless steel
2007
5
23
6
Brass
2009
5
23
6
Nickel- Brass
2011
10
27
5.62
Bimetallic
2006
10
27
5.62
Bimetallic
2011
2
26
6
Cupro-Nickel
1982
Note:
·         The  INR 2, produced in the year 1982 had eleven sides.                    
·         On every face of the coin the Emblem of India symbol have been adopted.

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