Welcome to our series of “Banknotes of the Countries from across the world”. Though banknotes by their very definition are a type of a negotiable promissory note, made by a bank, payable to the bearer on demand, they are artistic treasures in their own right. All the countries are no doubt proud of their history and heritage and proudly boast about them on their currency notes. Currency notes and their designs and reason behind their issuance are in itself a topic of great interest and study. Hence we will discuss various such interesting and unique banknotes of the world.
There have been various currency counterfeits flooding the markets for a long time. So now, one has to stay alert when handling currency notes or coins. But how will you distinguish between the original and the fakes? Here are a few examples, keep a look out for some obvious signs of forged currency notes and coins!
“Life is short and the world too wide!”
To all those struck with the wanderlust, here’s another lot of banknotes depicting some of the offbeat and some famous tourist places from all over the world. The holiday season is upon us and all of us are ready to get packing and hit the trails. And while we are visiting new countries, let us take a closer look at their currencies. Believe it or not, the banknotes in themselves are a treasure chest of adventures. Let’s view some of these tourist places on banknotes!
Corruption, Bribes and Black money..problems that had riddled India since decades. These problems had become increasingly prominent in the recent years and we are not new to the series of scams that have come to light like the Adarsh Housing Society scam, the 2010 House loan scam, 2G spectrum scam and much more. Finally, on the 8th of November 2016, India fights backs, India fights corruption!
After the Paper Currency Act was enacted in 1861 CE under the rule of British India, paper money began to be officially issued by the government. The act effectively ended the bank’s authority to issue notes. It gave the government monopoly over currency issues in India. James Wilson, the first Finance Member of the Government of India in 1859 CE, put in place initiatives that would introduce Indian banknotes issued by the government.