Currency of British India And Its Fascinating History - PowerPoint PPT Presentation

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Currency of British India And Its Fascinating History

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Explore the history of Currency of British India through this presentation and learn about the interesting varieties of British India notes that you can look for. Find out when Victoria Portrait Series, underprint series and King’s Portrait Series were introduced. – PowerPoint PPT presentation

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Title: Currency of British India And Its Fascinating History


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Currency of British India And Its Fascinating
History
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  • After the Paper Currency Act of 1861 was
    introduced, the Government officially started
    issuing British India notes. Presidency Banks
    were given the permission to circulate currency
    of British India for their respective circle of
    issue.
  • Agreements with Presidency Banks were terminated
    in 1867 after which the Mint Masters, the
    Accountant Generals and the Controller of
    Currency managed the issuance of British Indian
    currency notes.

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  • Unifaced British Indian Currency notes were
    introduced in the Victoria Portrait Series. They
    were produced using handmade paper at the
    Laverstock Paper Mills.
  • Rs. 10, 20, 50, 100 and 1000 banknotes were
    issued in this series with security features like
    watermark, GOVERNMENT OF INDIA, RUPEES, two
    signatures and wavy lines etc. These British
    India Notes were cut in half. One half was sent
    by post and the other half was sent again via
    post after the confirmation of receipt.

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  • British currency in India belonging to the
    unifaced Underprint Series was introduced in
    1867 as notes from the Portrait Series were
    duplicated and circulated by fraudsters.
  • 5, 10, 50 and 100 Rupees banknotes were allowed
    to be exchanged and enchased outside the circle
    of issue as well from 1903 to 1911.

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  • British Indian currency notes featuring the
    portrait of King George V were issued in May
    1923. The Reserve Bank of India became the
    official controller of Currency in 1935 and until
    then the Government of India continued issuing
    these notes.
  • The Currency Note Press in Nasik started printing
    currency notes in 1928. The security features
    were improved in 1932 with better watermarks,
    detailed portrait designs and multicoloured
    printing.

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  • Currency of British India featuring a portrait of
    Edward VIII was supposed to be released in 1937.
    But Edward VIII was abdicated from the throne and
    five rupees notes featuring a portrait of King
    George VI was released in January 1938.
  • History of British India currency notes witnessed
    a lot of ups and downs which gave rise to many
    interesting varieties. As a collector, you will
    have to keep searching for these varieties so
    that you can put together an impeccable
    collection.
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