Hyderabadi rupee

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The Hyderabadi Rupee was the currency of the Hyderabad State from 1918 to 1959.
 It coexisted with the Indian rupee from 1950. Like the Indian rupee, it was divided into 16 annas, each of 12 pai.
Coins were issued in copper (later bronze) for denominations of 1 and 2 pai and ½ anna, in cupro-nickel (later bronze) for 1 anna and in silver for 2, 4 and 8 annas and 1 rupee.

Hyderabad was the only Indian princely state that was permitted to continue issuing its own notes after joining the Dominion of India in 1948 and the Republic of India in 1950.

The Government of Hyderabad made several efforts to organize private bankers to set up a banking company which could issue paper money. The British, however resisted the attempts of Indian princely states to issue paper currency. The acute shortage of silver during the First World War and the contributions of Hyderabad to the British war effort led them to accept, in 1918, paper currency in denominations of Rs.10/- and Rs.100/- issued under the Hyderabad Currency Act.

Hyderabadi rupee

Hyderabadi rupee


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