Business Standard

Thursday, December 26, 2024 | 02:39 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Note the journey: 100 years of one rupee note

In 1940, the Rs 1 note was re-introduced with the status of a rupee coin

Note the journey: 100 years of one rupee note
Premium

Anup Roy
The nation marked the 100th birthday of the Rs 1 note on November 30. Introduced on November 30, 1917, the note was brought in as minting silver coins became too costly during the First World War.

This note, along with other small-value notes such as the exotic Rs 2 and eight annas were discontinued on January 1, 1926, on cost-benefit considerations. The first Rs 1 note was printed in England with a photo of King George V on it. 

The rupee started getting printed in India only after the Security Press and Currency Note Press was established in Nasik, Maharashtra,

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in