Origin and growth of Bank Notes and Currencies - 7 (Written by N.R. Jayaraman) In the Currencies issued prior to 1871, with regard to the design elements, some of the Currencies carried the Portrait of Queen Victoria in the obverse ( Front side), the others had no...

Origin and growth of Bank Notes and Currencies - 6 (Written by N.R. Jayaraman) The Paper Currency Act of 1861 conferred upon Government of India the monopoly of Paper Money issue bringing to an end the act of Paper Money issued by Private and Presidency Banks....

Origin and growth of Bank Notes and Currencies - 5 (Written by N.R. Jayaraman) As I mentioned earlier the unorganized issue of Paper Money against the Metallic Coins paved way for temptations for abuse were great and the disputes and problems arising out of those...

Origin and growth of Bank Notes and Currencies - 4 (Written by N.R. Jayaraman)  Paper money traces its origins to the late 17th Century in India when the Paper Money was issued in limited scale by several private banks. The earliest form of note issued have been from...

Origin and growth of Bank Notes and Currencies - 3 (Written by N.R. Jayaraman) Sweden reportedly initiated the first step in the issue of Paper Currencies to guarantee the payment for trade because European country had copper metal in abundance which were used...

Origin and growth of Bank Notes and Currencies - 2 (Written by N.R. Jayaraman) A Banknote or Currency called as paper money is a type of negotiable instrument or a promissory note and the amount indicated on it payable to the bearer on demand. When banknotes were...