COUNTRIES AND CURRENCIES
The Indian currency is called the Indian Rupee (INR) and the minimum value of the Rupee which is 1/100 of it is called paise.
The Indian RupeeThe Indian currency is called the Indian Rupee (INR) and the minimum value of the Rupee which is 1/100 of it is called paise. The issuance of the currency is controlled by the Reserve Bank of India.
The Indian rupee symbol '
' (officially adopted in 2010) is derived from the Devanagari consonant "?" and the Latin letter "R". The first series of coins with the rupee symbol was launched on 8 July 2011.
Coins and CurrencyMoney simply means currency and coins. In India presently coins are issued in denominations of 50 paise, one rupee, two rupees, five rupees and ten rupees. Banknotes are being issued in the denomination of Rs. 10, Rs. 20, Rs. 50, Rs. 100, Rs. 500 and Rs. 1000. These notes are called banknotes as they are issued by the Reserve Bank of India. Currency paper is composed of cotton and cotton rag.
The highest denomination note ever printed by the Reserve Bank of India was the Rs. 10000 note in 1938 and again in 1954. These notes were demonetized in 1946 and again in 1978.
Notes are printed at four printing presses located at Nashik, Dewas, Mysore and Salboni. Coins are minted at the four mints at Mumbai, Noida, Kolkata and Hyderabad.
Who decides on the volume and value of banknotes to be printed and on what basis?The Reserve Bank based on the demand requirement indicates the volume and value of banknotes to be printed each year to the Government of India which get finalised after mutual consultation. The quantum of banknotes to be printed, broadly depends on the requirement for meeting the demand for banknotes, GDP growth, replacement of soiled banknotes, reserve stock requirements, etc.|
The Reserve Bank estimates the demand for banknotes on the basis of the growth rate of the economy, inflation rate and reserve stock requirements by using statistical models/techniques.
The Euro
The Euro is the common currency shared by 18 of the 28 European Union's Member States, which together make up the Euro area. The Euro was launched on 1 January 1999. The currency is also officially used by other European countries, and is consequently used daily by some 334 million Europeans as of 2013. Outside of Europe, a number of overseas territories of EU members also use the Euro as their currency.
Which EU member countries have adopted the Euro - and when?
Countries and respective currencies:
The Indian currency is called the Indian Rupee (INR) and the minimum value of the Rupee which is 1/100 of it is called paise.
The Indian RupeeThe Indian currency is called the Indian Rupee (INR) and the minimum value of the Rupee which is 1/100 of it is called paise. The issuance of the currency is controlled by the Reserve Bank of India. The Indian rupee symbol '
' (officially adopted in 2010) is derived from the Devanagari consonant "?" and the Latin letter "R". The first series of coins with the rupee symbol was launched on 8 July 2011.Coins and CurrencyMoney simply means currency and coins. In India presently coins are issued in denominations of 50 paise, one rupee, two rupees, five rupees and ten rupees. Banknotes are being issued in the denomination of Rs. 10, Rs. 20, Rs. 50, Rs. 100, Rs. 500 and Rs. 1000. These notes are called banknotes as they are issued by the Reserve Bank of India. Currency paper is composed of cotton and cotton rag.
The highest denomination note ever printed by the Reserve Bank of India was the Rs. 10000 note in 1938 and again in 1954. These notes were demonetized in 1946 and again in 1978.
Notes are printed at four printing presses located at Nashik, Dewas, Mysore and Salboni. Coins are minted at the four mints at Mumbai, Noida, Kolkata and Hyderabad.
Who decides on the volume and value of banknotes to be printed and on what basis?The Reserve Bank based on the demand requirement indicates the volume and value of banknotes to be printed each year to the Government of India which get finalised after mutual consultation. The quantum of banknotes to be printed, broadly depends on the requirement for meeting the demand for banknotes, GDP growth, replacement of soiled banknotes, reserve stock requirements, etc.|
The Reserve Bank estimates the demand for banknotes on the basis of the growth rate of the economy, inflation rate and reserve stock requirements by using statistical models/techniques.
The Euro
The Euro is the common currency shared by 18 of the 28 European Union's Member States, which together make up the Euro area. The Euro was launched on 1 January 1999. The currency is also officially used by other European countries, and is consequently used daily by some 334 million Europeans as of 2013. Outside of Europe, a number of overseas territories of EU members also use the Euro as their currency.
Which EU member countries have adopted the Euro - and when?
| 1999 | Belgium, Germany, Ireland, Spain, France, Italy, Luxembourg, The Netherlands, Austria, Portugal and Finland |
| 2001 | Greece |
| 2007 | Slovenia |
| 2008 | Cyprus, Malta |
| 2009 | Slovakia |
| 2011 | Estonia |
| 2014 | Latvia |
Countries and respective currencies:
| Country | Currency |
| Bulgaria | Lev |
| China | Yuan/Renminbi |
| Columbia | Peso |
| Cuba | Peso |
| Costa Rica | Colon |
| Croatia | Kuna |
| Czech Republic | Czech Koruna |
| Denmark | Danish Krone |
| Egypt | Egyptian Pound |
| Afghanistan | Afghani |
| Argentina | Peso |
| Australia | Australian Dollar |
| Bahrain | Dinar |
| Bangladesh | Taka |
| Bhutan | Ngultrum |
| Hungary | Forint |
| Iran | Rial |
| Switzerland | Swiss Franc |
| Thailand | Bhat |
| U.K. | Pound Sterling |
| U.S.A. | Dollar |
| Norway | Krone |
| Vatican City State | Euro |
| Iraq | Iraqi Dinar |
| Israel | New Shekel |
| Japan | Yen |
| Kazakhstan | Tenge |
| Korea | Won |
| Kuwait | Kuwaiti Dinar |
| Malaysia | Ringgit |
| Mexico | Peso |
| Myanmar | Kyat |
| Russia | Ruble |
| Saudi Arabia | Riyal |
| Vietnam | Dong |
| Mongolia | Tugrik |
| Algeria | Algeria Dinar |
| Angola | Angolan Kwanza |
| Armenia | Dram |
| Azerbaijan | Manat |
| Georgia | Lari |
| Ghana | Cedi |
| Indonesia | Rupiah |
| Brazil | Brazilian real |
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