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

Countries with a currency called "rupee"

List of countries

Concept and history

The term “rupee” is derived from the ancient Indian word rūp or rūpā meaning “silver”. The Sanskrit word rūpyakam (रूप्यकम्) means "silver coin". Hence the derivation rūpaya, which has been used since 1540 for a silver coin of 178 grains (11.534 grams). Originally the rupee was divided into 16 anna , 64 paisa and 192 pai.

According to Regulation VII of 1833, sixteen of the new sikka rupees in Calcutta were worth one gold mohur (11/12 fine since 1819). In the presidencies of Bombay and Madras, the ratio was 15 to 1.

Historical currency unit

In order to stop the decline in the value of the Indian rupee against the pound, which has been increasing since 1875, as this led to an imbalance in public finances , the value of the rupee was guaranteed on a gold basis from 1898 onwards. One rupee was now equivalent to £ 1/15.

Currencies with the name "rupee" existed in the following areas:

Web links

Wiktionary: Rupee  - explanations of meanings, word origins, synonyms, translations

supporting documents

  • Bock, Marc-Thomas: The rupee - the fascinating diversity of a colonial world currency , in: Muenzen Revue, 10/2014, pp. 30–34
  1. ^ Cabinet approves new rupee symbol , Times of India, July 15, 2010, accessed July 15, 2010.
  2. ^ Coins Weight and Measures of British India. Useful Tables Forming an Appendix to the Journal of the [Bengal] Asiatic Society; Calcutta 1834, p. 1