Rupee

Rupee ( Rupiah, Rupee, sign: ₨ for the Indian rupee ), is the name of the currencies of several countries:

  • India; see Indian Rupee.
  • Indonesia; see Indonesian Rupiah.
  • Maldives; see Rufiyaa.
  • Mauritius; see Mauritian Rupee.
  • Nepal; see Nepalese Rupee.
  • Pakistan; see Pakistani Rupee.
  • Seychelles; see Seychellois Rupee.
  • Sri Lanka; see Sri Lanka Rupee.

Concept and history

The term " rupee " is derived from the ancient Indian word rup or rupa, meaning " silver " her. The Sanskrit word rūpyakam ( रूप्यकम् ) means " silver coin ". Therefore, the derivation Rūpaya that has been used since 1540 for a silver coin of 178 Gran ( 11.534 grams) comes. Initially, the rupee was divided into 16 Anna, 64 paisa and 192 Pai.

Pursuant to Regulation VII of 1833 sixteen of the new Sikka rupees were in Calcutta a gold mohur value (fine since 1819 11/12). In the Presidencies of Bombay and Madras was a ratio of 15 to 1

Historical currency unit

In order against the pound since 1875 to stop the stronger depreciation of the Indian rupee, since this would result in a lopsided government finances, you guaranteed 1898 the value of the rupee on a gold basis. A rupee is now equivalent to 1/15 pounds.

Currencies named " rupee " there were in the following areas:

  • On the bottom of today's India in the colonial territories of the following countries: Denmark, France and Portugal; as well as its own rupee in Part Hyderabad State
  • Indian in neighboring countries such as Burma, Sri Lanka, Afghanistan
  • In areas that were directed economically under British suzerainty of India, as British East Africa, Zanzibar and the Persian Gulf
  • In German East Africa, the rupees of the German East Africa Company (since 1890) did not participate in this warranty. To prevent their complete loss of acceptance, the Company issued to the embossing and left it to the Reich. From 1 April 1905, the German East Africa rupee was guaranteed with a 1.33 mark.
  • In Italian Somaliland
  • In Indonesia at the time of the Japanese occupation in World War 2
  • In Bahrain, Qatar, Kuwait, Oman and the Trucial States from 1959, the Gulf Rupee as the successor to the Indian Rupee there previously used
Sri Lankan rupee German East African rupie
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