Rupee

From Wikipedia, the free encyclopedia For other uses, see Rupee (disambiguation). This article is about the currency used in various countries in Asia.

Countries where the rupee is the name of the official currency

Rupiya released by Sher Shah Suri, 1540-1545 CE, was the first rupee

French East India Company-issued rupee in the name of Mohammed Shah (1719-1748) for Northern India trade, cast in Pondichry.

Indian Rupees

Pakistani Rupees

Nepalese rupee

Maldivian rufiyaa The rupee is the common name for the currencies of India, Pakistan, Sri Lanka, Nepal, Mauritius, Seychelles, Maldives (as the rupiah), and formerly those of Burma and Afghanistan. Historically, the first currency called "rupee" was introduced in the 16th century by Sher Shah Suri, founder of the Sur Empire of Northern India. The term is from rpya, a Sanskrit term for silver coin,[1] from Sanskrit rp, beautiful form.[2] In the Maldives, the unit of currency is known as the rufiyah, which is a cognate of the Hindi rupiya. Both the Indian rupees () and the Pakistani rupee are subdivided into one hundred paise (singular paisa) or pice. The Mauritian and Sri Lankan rupees subdivide into 100 cents. The Nepalese rupee subdivides into one hundred paisas (both singular and plural) or four sukas or two mohors. Afghanistan's currency was also denominated in Afghan rupees until 1925, with each Afghan rupee subdividing into 60 paisas. Prior to the introduction of the Afghan rupee in 1891, the legal currency was the Kabuli rupee. Until the middle of the 20th century, Tibet's official currency was also known as the Tibetan rupee.[3] The Indian rupee was the official currency of Dubai and Qatar until 1959, when India created a new Gulf rupee (also known as the "external rupee") to hinder the smuggling of gold.[4] The Gulf rupee was legal tender until 1966, when India significantly devalued the Indian rupee and a new Qatar-Dubai Riyal was established to provide economic stability.[4]