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Published on 11/22/2021 additional information available

System of currency

#Currency system


Currency system

Currency is the major part and back bone of the economic platform perform profitably reduces.

Currency System

Capacity of the economic system

Gold coin

First Gold coins were introduced   in the market by  Guptas  and it is the major currency  of the stock exchange.


2.Silver coins are introduced in the market by Sher Shah .its weight is around 180 gm .and it is also become the system of payment in  market and person have a gold coins they become the members of gold coin platform.

And it becomes the major platform.of payment in gold  members platform.


3 price of silver coin is less than the gold coin  There for members of gold coin platform.is different than the silver coin platform.


4.Rupee was first minted in India during the reign of Sher Shah Suri around  AD 1542.


5.paper currency in India was introduced by British Government.


6. Ist note of Indian currency is note of ten Rupees.


7.paper currency is formed and pounds and dollars are also plays a major role in the establishment of Indian Rupees.


8.Establishment of Reserve bank of India by the British Government in 1935 and indian rupees became a independent currency.


9Exchange purposes it continued to be dependent by pound Sterling.


10  In 1947 India became a member of the International Monetary Fund and exchange value of the rupee came to be Fixed by IMF standards.


11.The Indian currency system was converted in to decimal system by Indian .


12.The  old system of rupee.annas and Paise were replaced  by rupee.


13 All coins and one rupees note is issued by  Government of India.Therefore the one rupee note does not bear the signature of the Governor of Reserve bank of India.


Currency Denominations.

At present currency notes of denominations of Rupees

1,2,5,10,20,50,100,500 and 1000 are in circulation.


The current series are the Rs 1,2,5,10,20,50,100,500 and 1000 are in circulation.


All note above one rupees note are denomination and issued by the Reserve bank of India.


Currency notes above one rupees denomination are issued by Reserve bank of India.These notes are called bank notes.Distribution and administration of  all currency 

is done by the Reserve bank of India as an agent of the Government of  India.


Currency notes of higher denominations of Rs  1000 Re 5000 and Rs 10.000 were demonetized.


The Reserve bank is the base of the all banks of world  

And dominant in all progressive  system and business in the world.


Departments in banks

Department of  Administration  and personal Management.


Department of Banking operation.


Department of Economic Analysis and policy.


Department of Expenditure and Budgetary control


Department of External Investment  and Operations


Department of Financial Companies.


Department of Government and bank accounts.


Department of Information technology.


Department of statistical analysis and Computer Science.


Department of Supervision


Exchange Control Department


Financial Institutions cell


Human Resource Development


Industrial and Export credit Department


Industrial and Export Credit Department.


Inspection Department


Internal Debt Management cell


Banks Department


The RBI regulated the issue of bank notes above one rupee denomination 


It formulates and administers the monetary policy.


It maintains the exchange value of rupee.


It represents India at the Monetary fund.


It permotes the growth of economy with in framework of the general economic policy and of the Government

Reserve bank of India is the parent bank of all banks including commercial Bank..

Nivedita vaidya 

52 sewak colony

Patiala_147001

India.


100 percent in bank formation







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