2017-09-01 Fri

The modern monetary systems have extended the realm of currency from metallic money to paper money which gave a vast opportunity to explore the benefits and limits of the economy.

This vast variation in the money system also gave a new hobby and opportunity for the collectors to collect and make a perfect collection of paper money. Due to this hobby of collecting paper currency the above-shown note of Kashmir princely state of British India was sold for INR 7, 50,000!

This note was sold by Classical Numismatic Gallery last year. The purpose of this write-up is to make you all reader aware about the currency system of India and it’s the distinguished varieties and variation in its monetary system.

To know more about the paper currency of Kashmiri click here.