2020-02-05 Wed

At the peak of World War I British Government permitted few of the Princely State in India to issues currency. One among them was the royal state of Hyderabad. In record, there were three issues of One rupee note printed by the state with other higher denominations. The image shown on the right is one of the finest examples of the second issued series of one rupee note.

In 1946, this series one rupee’s note was re-printed with the signature of Zahid Hussain. This note is considered are type 3 of the second issue. This type 3 issue does not depict promise text in Urdu. The two lines of Urdu above and below the denomination panel were deleted from the design.

The above-shown was the note signed by Liaqat Jung. The notes illustrating his signature consist of prefix Y-Z, AA-AB. The prefix ‘Z’ appeared for the first time in the prefix series. This not typically does not have the prefix ' I’, ‘O’, ‘AL’ and ‘AO’. These notes each prefix consists of 100 further sub prefix A/0-A/9.

The coin which appears on the reverse side of both the issue of one rupee note depicts Hijri year. In September 1948, the rule of Nizam ended and Hyderabad was annexed into the Indian Union after the Hyderabad Police Action. The Indian Currency Regulation was issued in 1950. All the Indian currency became legal tender in Hyderabad and came into effect from April 1, 1955.

Yet, once again one rupee was an exception till 1950, as they were issued even on later years. Due to the shortage of metallic coin in India, these note acts as the substitute. The notes consist of the signature of the India Government Administrators like D.R Pradhan, C.V.S. Rao, and G.S.Melkote.

These one rupee notes of Hyderabad state was continued to be printed till 1954.