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03

History of the Indian Rupee

   
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Title: History of the Indian Rupee
 
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Subject: History
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Date: April 28, 1997
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These banks include The Bank of Hindostan, The Union Bank, The Commercial Bank, The Calcutta Bank in Bengal, The Bank of Western India, The Oriental Bank, The Commercial Bank of India in Bombay, The Madras Government Bank and The Asiatic Bank in Madras (Indian Currency Collector)...
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Sir James Wilson, the Finance Member of the Governor-General's Council also known as the Executive Council of the Viceroy, weighed the validity of state-run paper currency. As such, an administrative system was formed to control the issue, circulation and destruction of notes through ?Issue Offices' and treasuries, under Head Commissioner of Currency in 1859 (Jhunjhunwalla Online)...
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