Do you know, where in the country has the coin in your wallet been minted? I really do not know about other countries, but in Indian coins, there is one such feature. There is a mark, under the date of issue. There are four types of marks and the mints which produce coins are- The mint in Noida (In NCR or national capital region),
in Hyderabad, in Mumbai and in Kolkata.

The specified marks-                  Mumbai- A Diamond
                                                  Noida-    A Circle
                                                  Hyderabad- A star
                                                  Kolkata-  Nothing!

So take that coin and check it out!

I changed my background image many times, and I finally decided on this ''Chinese'' calligraphy one. Why?
I put it because the banknote was first developed in China during the Tang and Song dynasties, starting as early as the 7th century. Its roots were in merchant receipts of deposit during the Tang dynasty, as merchants and traders desired to avoid the heavy bulk of copper coinage during large commercial transactions. Here are some pictures of the notes-


                   

The Song Dynasty Jiaozi, the world's         The Huizi Dynasty banknote, issued in 1160. 

earliest banknote.

A Yuan dynasty note.

                                                

Do you people know what token currency is? If no, it is banknotes and coins, the common thing today. But, in Indian history, there is a recorded chapter of a king called Muhammad bin Tughluq having token currency.

He introduced bronze coins, which had value equivalent to the silver coins. This plan turned into a disaster as he failed to issue a notice informing the people that only the treasury could mint coins, and that is why every household in the state turned into a mint. People started paying the taxes in the new currency, and foreign traders to India lost faith in the currency. I will not continue further, but I want to just leave you with a thought-

Why did traders lose faith in the currency; even though the new coins had equivalent value to the silver coins? Was it because of the metal?

Sorry, I haven't been posting for a long time now, because of exams!
I would really like it if you would view this site-

www.banknotenews.com

This site has recent and new news on baknotes.

Please see this video. I found it on Youtube as I was surfing the net. It shows the corruption in India.

Well, The last time I went shopping, I saw a nice fridge magnet which read out, "Born free, Taxed to death".
It means that When you were given birth to, there was no charge for it but until you pass away, there are many taxes such as school tax, this tax, that tax, etc. This magnet gives you an idea that some governments do not spare you without taxes, or charge so many of these taxes that you get tired of paying them. In my opinion, there should be only one tax or if the governments want to keep taxes, they should use a part of the money to improve public utilities, especially in India.

Please Note: I hope I do not cause insult to any government.

Well, the first thing I would like to say is, that the Indian Rupee could use a lot of improvement. It has the monotonous Gandhi image on each note, and it also looks as if the note has come from the 1800s or something. It should have modern touches, since there is a beginning of a new era, and it should also have different personalities on each note such as Tagore, CV Raman, etc. But if they are so fond of Gandhi's picture on the note, they could put it it on the highest (1000 Rupee) note as a mark of respect.  They should look at other notes of the world and take their example. Anyway, is any one listening...? Hello?

First Post

Hi! Welcome to this blog. Well... this blog is going to be all about currency, economy, etc., so please try not to get bored but follow me if you find the blog interesting. I will write on how to improve currency, etc.

Thanks,
Amay