What is the full form Of INR and History?

INR: Indian Rupee

The full form of INR is India Rupee, it is the currency of India. The Indian rupee derives its name from the ‘rupiya’, a silver coin first issued by Sultan Sher Shah Suri in the 16th century.

Rupee History

INR includes both coins and paper notes. The denomination of coins used till date is 10 paise, 20 paise, 25 paise, 50 paise, 1 rupee, 2 rupees,5 rupees,10 rupees.

Paisa is the 100th part of the rupee that means 100 paise = 1 rupee.

Denominations of paper notes have changed after demonetization, however, till dates the denominations that have been used in INR currency are 1 rupee, 2 rupees, 5 rupees, 10 rupees, 20 rupees, 50 rupees, 100 rupees, 200 rupees, 500 rupees, 1000 rupee (discontinued after demonetization), 2000 rupee.

The denominations are printed in 15 languages on the reverse side of paper rupees, while denominations are printed in Hindi and English on the front side.

As India is a cash-based economy so there are a lot of cases if fake currencies due to which government changes the paper note designs and this is the reason demonetization applied on the currency.

Always check your currency before accepting from anyone.

Hope you enjoyed the information!

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