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Showing posts from January, 2014

Origin of the Rupee

In this article, I am going to write about how the Rupee, the currency of my country came into being in the medieval times and its fall and subsequent standardization of US Dollar

The word Rupee derives from the Sanskrit word Rupya which has the root word rupa meaning 'shapely' or impressed.

The history of the rupees traces back to Ancient India in 

circa 6th century BC, ancient India was one of the earliest 

issuers of coins in the world,

Arthashastra, written by Chanakya, prime minister to the first Maurya emperorChandragupta Maurya(c. 340-290 BCE), mentions silver coins as rupyarupa, other types of coins including gold coins (Suvarnarupa), copper coins ( Tamararupa) and lead coins (Sisarupa) are also mentioned. Rupa means form or shape, example, Rupyarupa, Rupya - wrought silver, rupa - form

Wikipedia states that it was Sher Shah Suri who set up the first Rupiya during his rule.Better they check the sources once again.

Now let us see the importance of the Rupee and its glory

 in an…