Friday, September 7, 2012

Symbol of Indian currency


Who designed the symbol for Indian currency?


In our homes daily at least once we ask money from our parents, “Appa 50 ruppees kodu naan notebook vanganum” or “Amma 100 ruppees kodu school functionku kodukanum” like this need for money starts from a school going kid to old age people.

Money floats on everyone’s hand, But children do you know that our Indian money has got a symbol recently? If you know that do you who designed the symbol for Indian currency? Am going to tell you about the details of these things on this post. Ok let’s go on to the topic in depth.

Indian government organized a contest to design the new symbol of Indian currency on March 2009. Then the Finance minister Pranab Mukerjee submitted the designs on 2010 Union Budget. Out of top five shortlisted designs, the symbol designed by Darmalingam Udhay Kumar, post graduate student of IIT Bombay got selected.
Indian currency known as Rupees and code INR and now its new symbol `. This symbol was presented to public by Indian government on 15 July 2010. Before this adoption we used  symbols like Rs, Re like that.
This new sign is a combination of the Devanagari letter "" (ra) and the Latin capital letter "R", with a double horizontal line at the top.

Some facts about Indian currency:

  • The first "rupee" is believed to have been introduced by Sher Shah Suri (1486–1545), based on a ratio of 40 copper pieces (paisa) per rupee.
  • Word rupee was derived from Sanskrit “raupya” meaning silver.
  • Each banknote has its amount written in 15 languages. On the obverse, the denomination is written in English and Hindi. On the reverse is a language panel which displays the denomination of the note in 15 of the 22 official languages of India. The languages are displayed in alphabetical order.
  • Security thread - All notes have a silver security band with inscriptions (visible when held against light) of Bharat in Hindi and "RBI" in English.
  • Watermark - White side panel of notes has Mahatma Gandhi watermark.

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