Archive – India
Termite alarm in the bank vault
Termites have eaten through 10 million rupees worth of bank notes at the Indian town of Barabanki... [ more ]
India prevents coins from being melted to razor blades
Because small Indian rupees were made of stainless steel people melted them down producing razor blades out of them which were worth much more than the original coin’s denomination. Now India has introduced new coins made of alloys... [ more ]
Private issues to beat small denomination shortage
India is facing an urgent shortage of small denominations. Retailers pay a heavy premium to money changers when providing themselves with change. Now a private syndicate issues its own money. [ more ]
East India Company to mint again legal tender
The new East India Company, a luxury brand, has announced the issue of legal tender in a centenary tradition. Two Mohur and two Cash coins will be minted by the Royal Mint. [ more ]
Gold Medals, not jewelry, popular in India
China and India are two of the largest gold consuming nations on earth. In India, by tradition, the family’s wealth in the form of gold jewelry has been typically worn by the wife. Now all that may be changing. [ more ]
How much worth is a rupee?
How much worth is an Indian one rupee coin? Some people demand 2,500 rupees for it. Probably the coin’s intrinsic value exceeds the face value. But not because of its alleged gold content ... [ more ]
Indian police crack international counterfeit gang
After a tip-off Indian police succeeded in cracking an international gang of counterfeiters operating between India and Nepal. Police seized 30,000 5 Rs coins and three suspects. The coins were produced in Nepal and then imported into the country. [ more ]