Smt.

Kashibai Navale College

of Engineering,
Department of Management Studies.

SUBJECT : INTERNATIONAL FINANCE

TOPIC : CONCEPTS AND TYPES OF CURRENCY

PRESENTED BY : SHRINATH BHAND

ROLL NO : 03
GUIDED BY : DR. SANKET CHARKHA
INTRODUCTION

 Currency in the most specific use of the word

refers to money.
 Currency is anything that is used in any
circumstances, as a medium of exchange.
 Currencies need not be physical objects.
 Currency is a system of money (monetary
units) in common use, especially in a nation
 Early currency

• Currency evolved from two basic innovations, both of which had

occurred by 2000 BC. Originally money was a form of receipt,
representing grain stored in temple granaries in Sumer in ancient
Mesopotamia, then Ancient Egypt.

Coinage

HISTORY • These factors led to the metal itself being the store of value: first
silver, then both silver and gold, and at one point also bronze. Now
we have copper coins and other non-precious metals as coins.

Paper money

• It began as a means for merchants to exchange heavy coinage for

receipts of deposit issued as promissory notes by wholesalers' shops.
 MODERN CURRENCIES

Currently, the International Organization for

Standardization has introduced a three-letter
Currency use is based on the concept of lex system of codes (ISO 4217) to define
monetae; that a sovereign state decides currency. In general, the three-letter code
which currency it shall use. uses the ISO 3166-1 country code for the
first two letters and the first letter of the
name of the currency.
HISTORY OF INDIAN
RUPEES
 Historically, the Hindi word rūpiya is
derived form Sanskrit word rūpya,
which means "wrought silver, a coin of
silver".
 The silver coin remained in use during
the Mughal period, Maratha era as well
as in British India.
 Since the silver crisis of 1873, a
number of nations adopted the gold
standard; however, India remained on
the silver standard until it was
commodities and currencies in
 The three Presidencies established by the British East India
Company (Bengal, Bombay and Madras) each issued their own
coinages until 1835.

The first decimal-coin issues in India consisted of 1, 2, 5, 10, 25

COINS and 50 naye paise, and 1 rupee.

After independence, in year 2010 and 2011 for the first time ever
75, 150 and 1000 coins were minted in India to commemorate
Platinum Jubilee of Reserve Bank of India, 150th birth
anniversary of Rabindra Nath Tagore and 1000 years of
Brihadeeswarar Temple, respectively.
INDIAN
BANKNOTES
 The design of banknotes is approved by the
central government, on the recommendation of
the central board of the Reserve Bank of India.
 The current series of banknotes (which began in
1996) is known as the Mahatma Gandhi series.
 Banknotes are issued in the denominations of 5,
10, 20, 50, 100, 500 and 1000.