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Rupee Note facts

While investigating facts about Rupee Notes and Rupee Notes Images, I found out little known, but curios details like:

There is 2.5 million of Zero Rupee bank notes in India. They are "paid" in protest by angry citizens to government functionaries who solicit bribes

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In 2007, India introduced a "zero rupee note" as a means of fighting political corruption. The notes are "paid" in protest by citizens to govt functionaries who solicit bribes in return for services which are supposed to be free

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In my opinion, it is useful to put together a list of the most interesting details from trusted sources that I've come across answering what is the news about 2000 rupee note. Here are 11 of the best facts about Rupee Notes In India and Rupee Notes Pictures I managed to collect.

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  1. India has a zero rupee note that is mainly used by angry citizens in response to governmental functionaries that want bribes in return for use of free services. It's still in circulation to this date.

  2. A organization in India created a zero-rupee note as a means to fight political corruption. The note resembles the 50 rupee note but is used to show refusal to participate in bribery and several millions of the note have been distributed accross India.

  3. India has an (unofficial) Zero Rupee note. Having no monetary value, it "paid" to government officials by citizens in an attempt to stop bribery, and is still in circulation to this day (2.5 million notes)

  4. Indian Rupee was used by close to 20 countries at one point, in different parts of the world including Kuwait, Bahrain, Oman, Qatar and UAE (up to 1966). In 1957, Special notes called the External Rupees or Gulf Rupees were printed in India for circulation in the Gulf to curb gold smuggling!

  5. The 2016 Indian banknote demonetisation, the biggest economic policy of its kind in recent history, which scrapped 500 and 1000 Rupee notes overnight to curtail corruption and illicit cash, failed to achieve its stated goals and let to a dip in GDP.

  6. Each Indian Rupee banknote has its amount written on it in 17 languages; "On the obverse, the denomination is written in English and Hindi. On the reverse is a language panel which displays the denomination of the note in 15 of the 22 official languages of India."

rupee note facts
What is the value of 1 rupee note?

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