Finance, Currency
Indian rupees. Indian rupee exchange rate to the ruble, dollar, euro
Translated from Sanskrit, "rupee" means "minted silver." This is how coins were called in India, which were made of this precious metal. The first "white" money appeared in the XV century. Indian rupees became very popular very quickly not only in their own country, but also in neighboring countries. Today they are actively used in Nepal, Pakistan, Indonesia, as well as in Sri Lanka, Maldives and Seychelles.
The appearance of the first coins
The Indian rupee has an interesting and original development history. Coins in the distant Middle Ages began to be minted under the leadership of the ruler Sher-shah, who understood that the development of the country's economy depends on them. The first of them were equal to 40 pieces of copper - paises. Their weight slightly exceeded 11.5 grams. At first the rupee was round. But under Shah Akbar, namely, he began to actively popularize the monetary unit of India, the coins acquired a rectangular shape: they were written with blessings and wishes. Often rupees received nominal names in honor of wealthy nobles.
Development of monetary unit
Indian rupees became fully unified in 1835. After 30 years, the so-called government rupee was officially put into circulation, and a new division was established: one coin equaled 64 paises. But this did not affect the fortress of the local currency: already in 1883, a period of rapid devaluation of the currency came. It was said that the reason for this was the silver standard. Like, if coins are minted from gold, they can always remain competitive.
Modern currency
Today, the monetary unit largely depends on the US currency. The Indian rupee against the dollar, as well as to the euro and the ruble is correlated according to those digital values and frameworks affected by the financial situation in the state and the global economy as a whole. It is denoted by Rs. Banknotes of the same denomination can be different: it is not a fake, but various modifications of the same denomination. Despite this, all paper money has a common binding element - an image of Mahatma Gandhi. Banknotes can be issued in honor of certain people or important events. For example, on the back of 500 rupees - a picture of the Salt Campaign, an episode of the people's struggle against colonial taxes. Instead, the country's largest monetary unit - one thousand rupees - is devoted to the Indian economy.
Degrees of protection
Indian rupees have a whole system of elements that protect them from massive falsifications. One of the degrees of protection is a watermark made in the form of a portrait of Mahatma Gandhi. It is visible if you look at the banknote against the light. Denominations also have a so-called diving metallized thread, which manifests itself in bright light as a dark continuous strip. In addition, the monetary unit contains a trace element RBI, which can be seen only with multiple magnification, as well as a hidden picture that is visible only at a certain angle.
Among other degrees of protection - special tactile signs, relief printing, the original serial number and a matching image. Banknotes are painted with a special paint, which contains optically variable pigmentation, which changes the palette depending on viewing angle and lighting strength. There are also UV elements: colored fibers and luminescent substances that transform the shade under the action of ultraviolet rays.
Exchange
If you decide to spend your vacation in India, you will necessarily have the question of where and how best to exchange Russian money for local. A financial transaction can be made directly at the airport upon arrival. But seasoned tourists do not advise it: the Indian rupee to the ruble at these points is at a slightly low price level. That is, you can lose some on the exchange. In addition, you can be deceived: India is an eastern country on the very outskirts of Asia, where counterfeiters are actively operating. As for the exchange of money, which you are offered seemingly decent hotel administrators or taxi drivers, then such actions are fraught with the loss of hard earned money. Flee from them, as from a plague.
Card system
Indian rupees can be obtained not only when exchanging "live" money, but also by removing it from a plastic card. Instead of using traveler's checks it is not recommended to use: this method is far from safe, besides it has long since outlived itself. If the choice was stopped on the card, it would be prudent to go to your bank before the trip and clarify all the important nuances: whether a plastic device is being serviced in India, what difficulties with obtaining money can arise. Ask your manager about possible restrictions and bonuses.
ATMs
With the help of these devices, you pay the commission. Its size is similar to the contribution that is collected in foreign banks when receiving funds. Usually this is 1% of the total amount. In this case, the commission can not be less than 3 dollars. It turns out that the more money you take, the more profitable it will cost you. There will be no need to constantly run to the ATM, each time losing a decent enough amount.
Exchange rate
Many travelers argue that it is most profitable in India to exchange dollars. The American currency here is very much appreciated by the local population: it is readily accepted not only by serious financial institutions, but also by small traders on the market. The Indian rupee against the dollar today is in the following ratio: 1: 0.01. That is, for one dollar you can buy 68 rupees. To navigate: so much is about a liter of gasoline in this country. For ten dollars it will be possible to remove a modest room in the hotel: the daily residence in a two-star hotel costs from 600 rupees.
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