One rupee note turns 100 years in age: A flashback at its glorious journey - The Fearless Indian
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One rupee note turns 100 years in age: A flashback at its glorious journey

  • Mrinalini Singh
  • December 1, 2017
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Launched hundreds year back on 30th November in 1917, the first ever Indian Rupee has completed its hundred years to continue in the Indian history. Even though it has been hundred years when the note initially came into circulation, it still has importance even after one entire century, which is no doubt a short span of time. If we talk about the purchasing power of Rupee One note hundred years back, it wouldn’t be incorrect to say that it was as vital as a Rupee 100 note is in the present times.

The one rupee note was introduced in British era and there have been 125 different kinds of one rupee notes which have been issued for circulation since 1917 to 2017. British finance secretaries – MMs Gubbay, AC McWatters and H Denning had signed the first one rupee note. In the past 100 years of its historic journey, the design of the One Rupee note has changed 28 times. The One Rupee note of the Republic of India has in total 21 Signatories till date across various time intervals. However, it’s 2017 now and the value of this note has been changed. Let’s take a look at those things, which we can still buy with Rs 1 note after hundred years of circulation.

-Candy’s and chewing gums, Bru Coffee Rs 1 sachet, A matchstick box, Tomato ketchup sachet, Postal stamps, postcard, Eraser, Sulabh Toilet service, Shampoo, oil sachet, PCO, Ballpoint pen and the list goes on. To honour 100 years of Rs 1 note, a four-day national philatelic exhibition has been scheduled at the World Trade Center from Thursday. As the 1 Rupee note was costing too high, the production of the currency was stopped in 1995 and later was resumed again in 2015.

The 1 Rupee note is used by the Government of India and not the Reserve Bank of India, unlike other denomination notes. It is signed by the RBI governor, but by the finance secretary. The smallest paper denomination note from India has travelled through a magnificent historical journey all over the globe since it was issued to the public.

 

 

 

 

Launched hundreds year back on 30th November in 1917, the first ever Indian Rupee has completed its hundred years to continue in the Indian history. Even though it has been hundred years when the note initially came into circulation, it still has importance even after one entire century, which is no doubt a short span of time. If we talk about the purchasing power of Rupee One note hundred years back, it wouldn’t be incorrect to say that it was as vital as a Rupee 100 note is in the present times. The one rupee note was introduced in British era and there have been 125 different kinds of one rupee notes which have been issued for circulation since 1917 to 2017. British finance secretaries – MMs Gubbay, AC McWatters and H Denning had signed the first one rupee note. In the past 100 years of its historic journey, the design of the One Rupee note has changed 28 times. The One Rupee note of the Republic of India has in total 21 Signatories till date across various time intervals. However, it's 2017 now and the value of this note has been changed. Let’s take a look at those things, which we can still buy with Rs 1 note after hundred years of circulation. -Candy’s and chewing gums, Bru Coffee Rs 1 sachet, A matchstick box, Tomato ketchup sachet, Postal stamps, postcard, Eraser, Sulabh Toilet service, Shampoo, oil sachet, PCO, Ballpoint pen and the list goes on. To honour 100 years of Rs 1 note, a four-day national philatelic exhibition has been scheduled at the World Trade Center from Thursday. As the 1 Rupee note was costing too high, the production of the currency was stopped in 1995 and later was resumed again in 2015. The 1 Rupee note is used by the Government of India and not the Reserve Bank of India, unlike other denomination notes. It is signed by the RBI governor, but by the finance secretary. The smallest paper denomination note from India has travelled through a magnificent historical journey all over the globe since it was issued to the public.        

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