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Sunday, August 27, 2017

INCREDIBLE INDIAN RUPEE

Indian rupee was an official currency of Aden, Oman, Dubai, Kuwait, Bahrain, Qatar, The Trucial States (later UAE), Kenya, Tanganyika, Uganda, The Seychelles, and Mauritius.

Indian Rupee of 1950s

The Indian Government introduced the Gulf rupee (XPGR) in 1959– for circulation outside the country to reduce the strain on India's foreign reserves from gold smuggling. These countries were using it until mid-1960s before they replaced with their own currencies.

Gulf rupee or Persian Gulf Rupee

Source: Indian rupee

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