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.
Continue reading Indian Banknotes – British Indian Government Issues
The Mintage World Team comprises of experts, researchers and writers from the field of Philately, Notaphily and Numismatics who try to shed light on some of the most interesting aspects of coins, banknotes and stamps from not just India but across the globe as well.
