2022-04-07 Thu

In 1943, World War II was at its prime and the currency crisis was glaring due to the scarcity of silver metal. To rise from this circumstance it became a necessity to introduce one rupee denomination again into circulation. Hence, the British Government gave permission to two few Princely States to issue their own money to circulate within the territory, in which Hyderabad state was included.

The various banknote of the different denominations was commenced to print in Nasik Security Press but due to circumstances beyond their control they were unable to compile and execute this order. Thus, this assignment was entrusted to the Government Central Press at Malakpet, Hyderabad.

The above shown one rupee note was the type 1 of the second issue. This note consists of promise text similar to the other denominations. The method of printing this note was called the photo-litho offset process.

Type 1 of the second issue was signed by Mehdi Ya jung which appeared one the specimen only. Type 1 of this issue was signed by Ghulam Muhammad which consists of prefixes A-H and J-M. Later on, a note with the prefix M-N was issued with the same signatory.

This note’s cutting, numbering and printing of signature was done at the Nizam’s mint. Type 2 of this denomination does not consist of prefixes ‘I’ and ‘O’ due to the similarity between the numeral ‘One’ and ‘Zero’. These one rupee notes of Hyderabad state was continued to be printed till 1954.