Throughout
history, the right to Coinage and Currency and issues of sovereignty have been
curiously conjoined, emotionally if not rationally. These issues stimulate
debate even today.
The
transition of currency management from colonial to independent India was a
reasonably smooth affair. Midnight, August 14, 1947 heralded Indian
independence from colonial rule. The Republic, however, was established on 26th
January, 1950. During the interregnum, the Reserve Bank continued to issue the
extant notes.
Government
of India brought out the new design Re. 1 note in 1949.
Republic
India Issues
Throughout history, the right to
Coinage and Currency and issues of sovereignty have been curiously conjoined,
emotionally if not rationally. These issues stimulate debate even today.
The transition of currency
management from colonial to independent India was a reasonably smooth affair.
Midnight, August 14, 1947 heralded Indian independence from colonial rule. The
Republic, however, was established on 26th January, 1950. During the
interregnum, the Reserve Bank continued to issue the extant notes.
Government of India brought out the
new design Re. 1 note in 1949.
Government of India - Rupee One
Symbols for independent India had to
be chosen. At the outset it was felt that the King's portrait be replaced by a
portrait of Mahatma Gandhi. Designs were prepared to that effect. In the final
analysis, the consensus moved to the choice of the Lion Capital at Sarnath in
lieu of the Gandhi Portrait. The new design of notes were largely along earlier
lines.
Collection of All Indian
Currency Notes PDF File
