What is the currency commonly used in India?

Rupee is the currency name used in India, Pakistan, Sri Lanka, Indonesia, Nepal and Mauritius.

Indian Prime Minister Da Modas Modi said on the 8th that in order to crack down on corruption and money laundering, banknotes with face value of 500 rupees (about 7.5 US dollars) and 1.000 rupees (about 1.5 US dollars) will stop circulating at 0: 00 on the 9th.

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The development course of rupee

The word "rupee" means "silver coin". 19th century, when the strongest economic system in the world was based on gold. As American and European colonists discovered a large amount of silver, the relative value of silver and gold also declined, and India could not buy it from outside with standard currency. This event is called "the decline of the rupee".

Indian Rupee is the legal tender in India, Rs is usually used for shorthand, and the code of ISO 42 17 is INR. In the local area, Ruby has many aliases in different regions, such as Taka, Thangka, Bai Ru, Ruby and so on. ? Token name:? Paisa

On March 2 1 2006, the Reserve Bank of India (the Bank of India) announced the establishment of a special committee headed by former Vice Governor Tarapur, responsible for formulating the framework and timetable for making Indian Rupee fully convertible. This committee officially started operation on May 1 and submitted a feasibility report before July 3 1 to urge the rupee to finally and completely "lift the ban".

Chintamani, deputy governor of Nepal's Central Bank, said on 17 that the banknotes printed by China for Nepal for the first time were of higher quality, brighter colors and cheaper prices.

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