Money is an intrinsic component of the cultural heritage of each country, the history of money sometimes tells important social or political events. The India was among the first issuers of the currency of the world, and Reserve Bank of India assumed as to document and preserve this heritage.
To learn more about the history of money in India, we invite you to join us in this journey through the Museum Reserve Bank. Many of the elements that we see are presented in temporary exhibitions traveling.
Founded in 1935, the Reserve Bank of India has entwined its economic and financial history of the country, and Museum Reserve Bank shows some aspects of this story that we will again.
For starters, we can see an overview of the history of currency in India, Which issued currency in the sixth century BCE Few countries, can rival the India in the range of minting techniques, patterns, sizes, shapes, metals and standards present in the release of their currencies.
Paper money was first used in India in the eighteenth century, and the largest issuer was the Bank General Bengal and Bihar. Then there were other banks, such as Calcutta To the creation of the Central Bank. Its seal should represent Indian motif, which is why we have chosen the tiger, as the animal most representative of India!
The Bank of Bengal issued three series of notes, one with an allegorical figure representing business sitting at a dock, and then this reason was replaced by "Britannia." A mid-nineteenth century began to appear oriental motifs.
Banks also issued "hundis" financial instruments that were used in transactions such as credit notes, were equivalent to checks, and there were several species, but were written in a formal tone.
Devote a paragraph to the coins though India independence in 1947, did not issue new coins until 1950. During the transition period fixed the exchange; in fact the first independent India's currency is called Annas, Which bears the effigy of Ashoka Lion and a sheaf of corn as a symbol of prosperity. If you have old coins, coins the complete catalog of the museum will help to identify and locate them in the story.
The Museum is located in the basement of Love, in Sir Pherozesha Mehta Marg, Fort, Mumbai, is open Monday to Saturday from 10.45 to 17.15 h. Admission is free, and visitors receive an information booklet on the history of money in India. Let us not go through the shop, where you can buy coins, posters, postcards and more.