There was a time when laborers were given silver coins, daily wage was three to four coins, don’t know why it was suddenly stopped.

There was a time when laborers were given silver coins, daily wage was three to four coins, don’t know why it was suddenly stopped.


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During that time, Bihari laborers were given a daily wage of three to four rupees, that is, they were given three to four silver coins every day. In the year 1917, there was a ban on the use of silver coins which continues till now. After this, printing of notes was started in place of silver coins.

Nowadays the importance of silver is very high in India. Nowadays, silver is sold at thousands of rupees per kg, which is considered extremely valuable. Nowadays, silver coins are usually given as gifts during festivals or weddings.

Even today, silver is considered very auspicious, but there was a time when every common man had a silver coin in his pocket. This silver coin was worth one rupee which was very common for every Indian to use. At that time silver coins were in circulation.

According to the information, the first ₹ 1 coin in India was issued in 1757 which was issued by the East India Company. According to reports, the weight of this coin was 11.5 grams, on which the image of the then King of Britain George II was engraved. This ₹1 silver coin was minted by the East India Company from 1757 to 1835. After this, the British government got the reins of India and even during that period, silver coins remained in circulation. Silver coins were used for everyday purposes. Let us tell you that during that period, Bihari laborers were given a daily wage of three to four rupees, that is, they were given three to four silver coins every day. In the year 1917, there was a ban on the use of silver coins which continues till now. After this, printing of notes was started in place of silver coins.

reason for coin closure

There was a great need to use silver during World War One. In view of this, there was a shortage of silver. Due to shortage of silver, it became difficult for the British government to make coins. In such a situation, the government changed the currency and started issuing notes instead of coins. Initially the picture of the coin was also placed on the note so that people could identify the one rupee note with the help of the coin. Silver coins continued to be made till 1947 but the amount of silver in the coins was halved.

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