Origin and growth of Bank Notes and Currencies - 12 (Written by N.R. Jayaraman) As I mentioned in earlier parts the three Banks -Bank of Bengal, Bank of Madras and Bank of Bombay - were amalgamated and Imperial Bank was founded in the year 1921. The subsequent...

Origin and growth of Bank Notes and Currencies - 11 (Written by N.R. Jayaraman) Acknowledgement: The information in respect of the Indian Currencies in Gulf Countries given below have been compiled with major and main inputs from the  article Gulf Rupees written...

Origin and growth of Bank Notes and Currencies - 10 (Written by N.R. Jayaraman) Another interesting aspect in respect of the Currencies issued were when Subhash Chandra Bose, who escaped from British custody for armed struggle against the British raised Indian...

Origin and growth of Bank Notes and Currencies - 9 (Written by N.R. Jayaraman) As I stated earlier  India  under British rule  also witnessed several of the Indian territories  ruled by Princes who chose to issue  Currencies, Coins and Coupons...

Origin and growth of Bank Notes and Currencies - 8 (Written by N.R. Jayaraman) Similarly the French Government too has issued Paper currencies on par with Indian rupees. Some of the French currencies issued in India were predominantly in Tamil language. Especially the...

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...