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Abstract

This article involves the Historic perspective on Indian currency, fundamental objective of the article is to follow the historical backdrop of Indian currency in Mughal, British and present day time frame. The primary goal of the article is to reflect noteworthy perspective on Indian currency and its paradigms. The Paper Currency Act had been presented in 1861 in Parliament of British this act gives the government of British the restraining infrastructure to issue notes in India they gave picture of queen Victoria arrangement note of Rs. 10, 20, 50, 100, and 1,000. These notes were uniface, with bilingual boards and imprinted on a hand form paper, the Portrait of Victoria arrangement pulled back in the year 1867 by the Government of British. The fundamental purpose behind the change was to counteract frauds. A little division was because of during the World War I on November 30th, 1917, Government of British present Rs. 1 note. Lord's representation arrangement conveyed the picture of King George V and which was began in May 1923 with note of Rs. 10 and different notes included Rs. 5, 10, 50, 100, 500, 1000, and 10,000. This was continued till the establishment of Reserve Bank of India in the year1935. The article is completely distinct in nature dependent on optional information sources, the necessary information and informations have been gathered from different sources like media reports, articles, diaries, magazines, GOI sites and Google search.

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How to Cite
Rohit Bansal, & Ram Singh. (2019). The Historic View of the Indian Currency and Paradigms. History Research Journal, 5(6), 65-76. Retrieved from https://journals.eduindex.org/index.php/hrj/article/view/10707