In my childhood, I saw the Indian Currency Coins which had holes inside them — that time they were demonetized, I think; but few were as a memorial of ancient days when my Nana and Nani had lived. In their times, Paper Currency came, and people thought money lost its significance 'coz Paper Currency had come in market.
Around 8-10 years back, in Delhi, I saw people sitting on footpath selling old Currency Coins in high price. I don't know if they are still doing the same thing. Few people love collecting old or out-of-market things. Few Currency Coins that I had were called "Aadha Paisa, Pona Paisa something", they were lost. I'm not at all good in collecting things.
I read somewhere that earlier 1 Rupee was equal to 1 Dollar, but I don't know the facts, that time I wasn't born. But I know the time when milk was 6-7 rupees per kg in India. Wait...this is good article on Wikipedia, here Exchange rate INR per USD was 1.30 in 1948; and 43.50 in 2000; and it crosses 60 in year 2015. My God! My heart fails to read this. But it is interesting to know how do they set exchange rates from one country to another.
I guess: When people were rich, they might have used Gold for their Currency; and later on Silver (Chaandi). And when their richness might have started fading, they might have opted for Copper, Brass or other good material. And later they might have put everything for currency: Iron, leather, paper and plastic. And these days currency just goes "electronic" — Debit Card, Credit Card, Internet Banking, SMS Banking, Phone Banking and what not.
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