Economy, asked by rawatpriyanka2010200, 7 months ago

describe briefly about money used india.......
class 9 .......​

Answers

Answered by P1Gt3sa777
6

Answer:

Currency - Banknotes in India are currently being issued in the denomination of Rs 10, Rs 20, Rs 50, Rs 100, Rs 200, Rs 500 and Rs 2000. These notes are called banknotes as they are issued by the Reserve Bank of India (Reserve Bank). ... These notes were demonetized in 1946 and again in 1978.

Answered by pankajsen9871
12

Answer:

The Indian rupee (sign: ₹; currency code: INR) is the official currency of India. The rupee is subdivided into 100 paise (singular: paisa), though as of 2019, coins of denomination of 1 rupee is the lowest value in use. The issuance of the currency is controlled by the Reserve Bank of India. The Reserve Bank manages currency in India and derives its role in currency management on the basis of the Reserve Bank of India Act, 1934.

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