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Currency and Symbols

2015-12-16 Wed

Did you know that the widely used Dollar symbol is not found anywhere on the US banknotes?

Other major currencies of the world such as: Yen, Francs, Yuan and Euro also don’t have the symbols printed anywhere on the banknotes!

The widely used $ which represents the currency of USA is seen nowhere on their currency notes! However the dollar symbol is seen on the banknotes of the Organisation of East Caribbean States (OECS), Jamaica, and Guyana.

Only the British and Indian currency notes have the symbols which represent the Britain Pound Sterling and Indian Rupee depicted on them. All the rest of the countries do not have their currency symbols on their notes.

The new rupee symbol which was designed by Udaya Kumara Dharmalingam at the Industrial Design Centre at Indian Institute of Technology, Bombay was adopted by the Government of India as its official currency symbol on 15th June 2010.

The symbol designed is a combination of the Devnagari “ra” and Latin “R” with two parallel lines at the top which make an allusion of the tricolour Indian flag. The parallel line also depicts an equality sign which symbolises the nation’s desire to reduce economic disparities.