What kind of paper is used to make indian money

The history of the Indian rupee traces back to Ancient India in circa 6th century BCE, ancient India was one of the earliest issuers of coins in the world, [15] along with the Chinese wen and Lydian staters. The promissory clause printed on the banknotes i. Discover the types of coins, notes, and how the central bank manages the rupee. Popular Courses.

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I saw a special on the travel channel about US currency. They go through a long process to make the finished product money. The raw paper is some of the finest in the world It under goes many processes including chemical applications for the ink to stick to it and for the watermarks. It is illegal though to have the paper used to make US currency. Hope this helps.

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What makes money valuable? You could say there is no reason. It’s true that a special kind of paper is used to make dollar bills, and they are pretty, but that’s not what makes them valuable. The real reason money is valuable is that everyone believes it is. Others used all kinds of objects as money. Any object would do, as long as there was not an unlimited amount of it.

Criminal syndicates have also both industrial and stamp paper to make fake notes.

What makes money valuable? You could say there is no reason. It’s true that a special kind of paper is used to make dollar bills, and they are pretty, but that’s not what makes them valuable. The real reason money is valuable is that everyone believes it is.

Others used all kinds of objects usev money. Any object would do, as long as mxke was not an unlimited amount of it.

Animals or metals were popular, and so were manufactured products like jewelry or weapons. Wealth in ancient Greece was measured in tools or cattle. This kind of money had two purposes. First, it was useful in. Tools and cattle could be used for farming. And second, it was a way to symbolize and measure value.

A house, for example, would be valued at a certain number of tools or cattle. This greatly simplified trade. Other societies used money that was totally symbolic. For oind, American Indians used wampum, which is made from seashells. And until recently on the Pacific island of Yap, people used large stone discs as money.

In most makf these types of money died out because more practical ,oney of money were invented. People started using precious metals, such as gold and silver that were easier to carry around than tools or stones. And in the eighteenth century, paper money was introduced. At first people were suspicious of the new currency, but they came to accept it because the government or bank issuing it would exchange an equal.

But now uswd used to the idea that the government what kind of paper is used to make indian money have to back its money with gold. But if, for some reason, people ever lost faith in paper money, ten dollars wouldn’t be worth the paper it’s printed on.

The Importance of Paper

India has four currency note printing presses. This section does not cite any sources. When making these final decisions, government officials rely heavily on advice from the Reserve Bank senior staff. The official currency of the Republic of India. Malaysian ringgit. Inthe Bombay mint also struck gold sovereigns and rupee coins identical in size to the sovereigns as an emergency measure during the First World War. Personal Finance. Normal paper that you use on a day-to-day basis newspaper, notebook paper, paper in books. Retrieved 20 June Category: Science. Related Articles. Namespaces Article Talk. Follow Us.