Through poor engraving, the elephant looked very much like a pig. On the coin, the King appeared wearing the chain of the Order of the Indian Elephant. The 1911 accession to the throne of the King-Emperor George V led to the famous "pig rupee". Unlike India, her colonial master Britain was on the gold standard. The gold silver ratio expanded during 1870–1910. The first coinage under the crown was issued in 1862 and in 1877 Queen Victoria assumed the title the Empress of India. The coins issued after 1840 bore the portrait of Queen Victoria. The new coins had the effigy of William IV on the obverse and the value on the reverse in English and Persian. The Coinage Act of 1835 provided for uniform coinage throughout India. By early 1830, the British had become the dominant power in India and started minting coinage independently. It was only in AD 1717 that the British obtained permission from the Emperor Farrukh Siyar to coin Mughal money at the Bombay mint.
The English coins of Western India developed along Mughal as well as English patterns. The coins of Bengal were developed in the Mughal style and those of Madras mostly in a South Indian style. The British gold coins were termed Carolina, the silver coins Anglina, the copper coins Cupperoon and tin coins Tinny. The European powers started minting coinage as early as mid-17th century, under patronage of Mughal Empire. The use of the rupee coin continued under the Mughal Empire with the same standard and weight, though some rulers after Mughal Emperor Akbar occasionally issued heavier rupees. Suri also introduced copper coins called dam and gold coins called mohur that weighed 169 grains (10.95 g). ĭuring his reign from 1537 to 1545, Afghan ruler Sher Shah Suri of the Sur Empire set up a new civic and military administration and issued a coin of silver, weighing 178 grains, which was also termed the Rupiya. In the intermediate times there was no fixed monetary system as reported by the Da Tang Xi Yu Ji. This coinage system continued more or less across the Indian subcontinent well till 20th century. Rūpa means form or shape, example, rūpyarūpa, rūpya – wrought silver, rūpa – form. 340–290 BCE), mentions silver coins as rūpyarūpa, other types including gold coins ( rūpya-suvarṇa), copper coins ( tāmrarūpa) and lead coins ( sīsarūpa) are mentioned. Īrthashastra, written by Chanakya, chief adviser to the first Maurya emperor Chandragupta Maurya (c. The term is from rūpya, a Sanskrit term for silver coin, from Sanskrit rūpa, beautiful form. Ancient India was one of the earliest issuers of coins in the world, along with the Lydian staters, several other Middle Eastern coinages and the Chinese wen. The history of the rupee traces back to Ancient India circa 3rd century BC. The British Raj issued 1 Rupee banknote, 1917. It is derived from the noun rūpa ( रूप) "shape, likeness, image". The Hindustani word rupyā is derived from the Sanskrit word rūpya ( रूप्य), which means "wrought silver, a coin of silver", in origin an adjective meaning "shapely", with a more specific meaning of "stamped, impressed", whence "coin". The Mauritian, Seychellois, and Sri Lankan rupees subdivide into 100 cents. The Nepalese rupee (रू) subdivides into one hundred paisa (singular and plural) or four sukaas. The Indian rupees ( ₹) and Pakistani rupees ( Rs. ) are subdivided into one hundred paise (singular paisa) or pice.
In Indonesia and the Maldives, the unit of currency is known as rupiah and rufiyaa respectively, cognates of the word rupee. India, Mauritius, Nepal, Pakistan, Seychelles, and Sri Lanka, and of former currencies of Afghanistan, Bahrain, Kuwait, Oman, the United Arab Emirates (as the Gulf rupee), British East Africa, Burma, German East Africa (as Rupie/Rupien), and Tibet. Rupee is the common name for the currencies of Orange: Countries where a foreign country's rupee is legal tender India, Indonesia, Maldives, Mauritius, Nepal, Pakistan, Seychelles, Sri Lanka Purple: Countries using a rupee as an official currency
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