India has a rich monetary history, 6 Indian Currencies with various currencies used before the introduction of the modern rupee. Many of these coins were commonly used by traders and merchants but have now faded into history. Here are six rare Indian currencies that once played a crucial role in transactions.
1. Kaudi (Cowrie Shells)
Before metallic coins became popular, Kaudi (or Cowrie shells) were widely used for trade. These small sea shells were one of the earliest forms of currency in India, commonly used for small transactions and barter systems.
2. Pie
The Pie was a subunit of the Indian currency system, with 12 Pies making one Anna. Used during the British era, the Pie was one of the smallest denominations and was commonly seen in copper form.
3. Paisa
The Paisa remains a well-known term even today, but its value has changed over time. Earlier, 64 Paisas made one Rupee. The introduction of decimalization in 1957 changed its value to 100 Paisas per Rupee.
Also Read : 6 Indian Currencies You Won’t Believe Existed!
4. Phooti Kaudi (Broken Cowrie)
The Phooti Kaudi was a broken shell of the Kaudi, often used for smaller transactions. Due to its low value, it became a metaphor for something worthless in Indian idioms.
5. Dumri
The Dumri was another lesser-known coin used in some regions of India. It had a small value but was significant for local trade and daily transactions.
6. Half Anna
The Half Anna was a small denomination coin that was equal to 1/32 of a Rupee. It was commonly used in British India before the decimal system was introduced.
Note: These forgotten Indian currencies remind us of India’s evolving monetary system. While they may no longer be in circulation, they hold historical and numismatic significance. Collectors and history enthusiasts still treasure these old coins, preserving a part of India’s economic past.
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