Hyderabad rupee
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The rupee was a separate currency of Hyderabad, independent from the Indian rupee. Like the Indian rupee, it was divided into 16 annas, each of 12 pai. Coins were issued in copper (later bronze) for denominations of 1 and 2 pai and ½ anna, in cupro-nickel (later bronze) for 1 anna and in silver for 2, 4 and 8 annas and 1 rupee.
The Government of Hyderabad made several efforts to organise private bankers to set up a banking company which could issued paper money. The British, however resisted the attempts of Indian princely states to issue paper currency. The acute shortage of silver during the First World War and the contributions of Hyderabad to the British war effort led them to accept, in 1918, paper currency in denominations of Rs.10/- and Rs.100/- issued under the Hyderabad Currency Act. The currency was designated the Osmania Sicca (OS). One and five rupee notes were subsequently issued in 1919 and one thousand rupee notes were issued in 1926. After the setting up of the India Currency Notes Press at Nasik, Hyderabad notes came to be printed there.
Hyderabad continued to issue its own currency until 1948, when the state was absorbed into India. The Hyderabad rupee was replaced by the Indian rupee at a rate of 7 Hyderabad rupees = 6 Indian rupees. Hyderabadi banknotes were issued until 1953, albeit, when the state was under Indian administration.
| Rupees | |
|---|---|
| Current | Indian rupee | Indonesian rupiah | Maldivian rufiyaa | Mauritian rupee | Nepalese rupee | Pakistani rupee | Seychelles rupee | Sri Lankan rupee |
| Defunct | Afghan rupee | Bhutanese rupee | Burmese rupee | Danish Indian rupee | (British) East African rupee | French Indian rupee | German East African rupie | Gulf rupee | Hyderabad rupee | Italian Somaliland rupia | Netherlands Indian roepiah | Portuguese Indian rupia | Riau rupiah | Travancore rupee | West New Guinean rupiah | Zanzibari rupee |
| Fictional | Hyrulean rupee |
| See also | History of the rupee |
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