The literal meaning of currency is hardly ever searched for. The term “currency” is said to be derived from Middle English word “curraunt” which means “in circulation”. And in Latin, the word “currens” refers to money in any form when in actual use or circulation as a medium of exchange.
The foremost thing that existed in the market was Barter System. Later, currency got evolved from innovations which had happened during the 2000 BC. Before that, money was something of a receipt kind of thing. People used these receipts to buy and sell things.
The history of Indian currency or the Rupee traces back to the 6th century. Amongst the earliest issuers of coins in the world were India and China. The word “rupiye” was taken from a Sanskrit word “rupa”, which meant “wrought silver i.e. silver coin.
Sher Shah Suri introduced the first “Rupee” as a silver coin. The coin was in use from the Mughal period till British rule in India. After that Indian currency has seen many phases of ups and downs. Without going much into the details, let me share few unknown facts about the Indian currency that we believe to have seen.
Here are some unknown facts about Indian currency: