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the combination of the. 22 The silver coin remained in use during the Mughal period, Maratha era as well as in British India. Retrieved 8 November 2016. Despite most commentators widely anticipating a landslide. The rupee is named after the silver coin, rupiya, first issued by, sultan, sher Shah Suri in the 16th century and later continued by the. Easy Storage - Silver is easy to store in comparison to gold. These factors include the international rate of silver. All three issued rupees and fractions thereof down to 18- and 116-rupee in silver.
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1 34 Pre-independence issues edit 1835 East India Company 2 Mohurs Indian rupee (1862). The obligation on the part of the Bank is to exchange a banknote for coins of an equivalent amount." 59 Chronology edit 1991 India began to lift restrictions on its currency. In 1964, the word naya(e) was removed from all coins. "Coins of 25 paise and below will not be Legal Tender from June 30, 2011 : RBI appeals to Public to Exchange them upto June 29, 2011". Arthashastra, written by Chanakya, prime minister to the first Maurya emperor Chandragupta Maurya (c. But that doesnt mean the issues it brought up are solved, with many.
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