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Topic: Gulf Rupee


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In the News (Wed 21 Aug 19)

  
  Rupee - Wikipedia, the free encyclopedia
The Rupee (₨ or Rs.) is the common name for the currencies used in India, Pakistan, Sri Lanka, Nepal, and Mauritius ; in Indonesia the unit of currency is known as the rupiah and in the Maldives the rufiyah.
The origin of the word Rupee is found in the Sanskrit word rupya, meaning 'silver.' The derivative word Rupiya was used to denote the coin introduced by Sher Shah Suri during his reign from 1540 to 1545 CE.
Large denominations of Rupees are often counted in lacs or lakhs (100,000) and crores (10,000,000).
en.wikipedia.org /wiki/Rupee   (233 words)

  
 rupee   (Site not responding. Last check: 2007-10-04)
The rupee is the common name for the currencies used in India, Pakistan, Sri Lanka, Nepal, and Mauritius ; in Indonesia the unit of currency is known as the rupiah and in the Maldives the rufiyah.
Formerly the rupee was divided into 16 annas, and the anna into 4 pice or 12 piess.
Rupees are also the unit of currency in the fictional land of Hyrule from the Legend of Zelda videogame series (see Rupee (Legend of Zelda)).
www.yourencyclopedia.net /rupee.html   (254 words)

  
 Gulf rupee - Wikipedia, the free encyclopedia
The Gulf Rupee, also known as the Persian Gulf Rupee (XPGR), was introduced by the Indian government as a replacement for the Indian Rupee for circulation exclusively outside the country with the Reserve Bank of India [Amendment] Act, 1 May 1959.
The Gulf Rupee was distinguished from the Indian Rupee by having a "Z" prefix to its serial numbers, but otherwise the denominations, designs and colours of the two currencies were the same.
The one rupee was issued by the Indian Government and the 5, 10 and 100 denominations by the Reserve Bank of India.
en.wikipedia.org /wiki/Gulf_Rupee   (314 words)

  
 India Encyclopedia   (Site not responding. Last check: 2007-10-04)
The Indian Rupee is the official currency of India.
In previous times, the Indian Rupee was the official currency of other countries, including Kuwait, Bahrain, Qatar, the Trucial States (now the UAE), and Malaysia.
As of 11 May 2005, the exchange rate of the rupee is 55.82 per euro, and 43.30 per US dollar.
www.indiaencyclopedia.com /index.php?title=Indian_Rupee   (412 words)

  
 Rupee - Encyclopedia.WorldSearch   (Site not responding. Last check: 2007-10-04)
Formerly the rupee was divided into 16 anna s, and the anna into 4 pice or 12 pie s.
Rupees are also the unit of currency in the Legend of Zelda videogame series (see Rupee (Legend of Zelda)).
INDIA: Upcoming invitation to bid on construction of proposed 42.3 B rupee aromatics complex and purified terephthalic acid (PTA) plant in addition to...
encyclopedia.worldsearch.com /rupee.htm   (373 words)

  
 Indian Rupee - Wikipedia, the free encyclopedia
In most parts of India, the Rupee is known as the Rupee, Rupaye, Rubai, or one of other terms derived from the Sanskrit rupya, meaning silver.
As is standard in Indian English, large values of Indian rupees are counted in terms of thousand, lakh (100 thousand, in digits 1,00,000), and crore (10 million, in digits 1,00,00,000).
As of 11 May 2005, the exchange rate of the rupee is 52.85 per euro, and 43.47 per US dollar.
en.wikipedia.org /wiki/Indian_Rupee   (575 words)

  
 [No title]   (Site not responding. Last check: 2007-10-04)
Muscat and Oman became an informal British protectorate in 1891, and the Sultanate of Oman was established on August 9, 1970.
Maria Theresa Thalers (XMTT) circulated in the interior of Muscat and Oman, and the Indian Rupee (INR) circulated in the coastal regions of Muscat and Oman and was the official currency until the 1959.
India devalued its Rupee on June 6, 1966 which affected the value of the Gulf Rupee, forcing the states using the Gulf Rupee to introduce their own currency.
www.globalfindata.com /gh/253.html   (339 words)

  
 How rupee gained currency over the years   (Site not responding. Last check: 2007-10-04)
A separate series of notes for exclusive circulation in the Persian Gulf region were also printed to prevent export of notes from forex-starved India.
The fear was foreign currencies could flow to the Gulf region along with the Indian currency.
Use of Indian currency in the Gulf waned in the 1960s as the Gulf states gradually started issuing their own currencies.
inhome.rediff.com /money/2004/dec/25rupee.htm   (613 words)

  
 Gulf Rupee   (Site not responding. Last check: 2007-10-04)
From Green Bay to the Persian Gulf The official history of the 432nd Civil Affairs Company during the Gulf War.
American Gulf War Veterans Association The AGWVA provides resources for veterans of the Persian Gulf War.
Bleeding The Gulf - The UN Sanctions on Iraq Arguing that the Gulf War was contrived to legitimise a continued Western military presence in the Gulf region, subsequently buttressed by a brutal and illegal regime of sanctions.
www.serebella.com /encyclopedia/article-Gulf_Rupee.html   (243 words)

  
 The Bank Notes of the Qatar and Dubai Currency Board
For many years the Indian Rupee had circulated in those states in the Persian Gulf that were under British tutelage, but in 1959 the 'External Rupee', or Gulf Rupee as it became known, replaced the Indian Rupee as the official currency in the Trucial States.
The Gulf Rupee was the result of an administrative decision by the government of India to isolate the internal accounting of their own currency from those areas which were using the Indian Rupee under agreement with the Reserve Bank of India.
The announcement of the devaluation of the Indian rupee caused a great deal of concern in the Gulf states, as it was not immediately apparent whether the devaluation applied to the 'Gulf rupees' as well as the Indian rupees.
www.pjsymes.com.au /articles/QatarDubai.htm   (2531 words)

  
 OMAN Stamps and Postal History
The rupees that were circulating in the Persian Gulf had been bought by the various Gulf states from the Reserve Bank of India and were no liability to the Reserve Bank, as it held the sterling reserves by which the rupees had originally been purchased.
By the end of 1966 the Gulf rupee had ceased to be legal currency in all states of the Persian Gulf, with Muscat and Oman being the only country maintaining it as an official currency.
One of the interesting problems, associated with the discontinuation of the Gulf rupee as a circulating currency, was the claim by various Gulf states for the sterling with which the rupees were originally bought.
www.oman-stamps.com /currencies_indianrupee.php   (3573 words)

  
 Encyclopedia: Indian rupee
This event was known as "the fall of the Rupee." Alternative meaning: Nineteenth Century (periodical) (18th century — 19th century — 20th century — more centuries) As a means of recording the passage of time, the 19th century was that century which lasted from 1801-1900 in the sense of the Gregorian calendar.
The Pakistani Rupee (PKR) is the official currency of Pakistan.
Portuguese Indian rupia The Gulf Rupee, also known as the Persian Gulf Rupee (XPGR), was introduced by the Indian government as a replacement for the Indian Rupee for circulation exclusively outside the country with the Reserve Bank of India [Amendment] Act, 1 May 1959.
www.nationmaster.com /encyclopedia/Indian-rupee   (1996 words)

  
 Bahrain Government Homepage   (Site not responding. Last check: 2007-10-04)
In this way, the Indian Rupee in Bahrain and its Dependencies was promoted from a currency that could only be circulated or exchanged in 1818, into the official currency of the country in 1880.
The new currency was given the name 'Gulf Rupee' to allow its circulation in the Gulf region and nowhere else.
According to that circular, the importation processes of the Rupee called 'Gulf Rupee' were stopped, and so was the importation of the coins known as 'Gulf minted coins'.
www.bahrain.gov.bh /english/bahrain/books/manstate/Chapter07_1.asp   (1617 words)

  
 Indian Rupee [Definition]   (Site not responding. Last check: 2007-10-04)
When Partition happened, the Pakistani Rupee came into existence, initially using Indian coins, and Indian currency notes simply overstamped with Pakistan The Islamic Republic of Pakistan (پاکستان in Urdu), or Pakistan, is a country located in South Asia.
In previous times, the Indian Rupee was the official currency of other countries, including Kuwait, Bahrain The Kingdom of Bahrain, or Bahrain, is a borderless country in the Persian Gulf (Southwest Asia/Middle East, Asia).
Saudi Arabia is to the west and is connected to Bahrain by a causeway, and Qatar is to the south across the Gulf of Bahrain....
www.wikimirror.com /Indian_rupee   (2683 words)

  
 Rupee   (Site not responding. Last check: 2007-10-04)
Portuguese Indian Rupia Rupees are also the unit of currency in the fictional land of Hyrule from the Legend of Zelda videogame series (see Rupee (Legend of Zelda)).
Rupee Travels Collection of photographs taken in India over the course of several years.
It uses material from the Wiktionary page "Rupee".
www.serebella.com /encyclopedia/article-Rupee.html   (241 words)

  
 Graphicartsdesigner.com - rupee web, rupee design, rupee service
Rupee, born Rupert Clarke, is the multi-ethnic son of a Barbadian father and a...
The origin of the word Rupee is found in the Sanskrit word rupya,...
In most parts of India, the Rupee is known as the Rupee, Rupaye, Rubai,...
www.graphicartsdesigner.com /search.php?keywords=rupee   (381 words)

  
 Rupee   (Site not responding. Last check: 2007-10-04)
The origin of the word Rupee is word Rupiya used to denote the coin introduced Sher Shah Suri during his reign from to 1545 AD.
Formerly the rupee was divided into annas and the anna into 4 pice 12 pies.
Rupees are also the unit of in the fictional land of Hyrule from the Legend of Zelda videogame (see Rupee (Legend of Zelda)).
www.freeglossary.com /Rupee   (314 words)

  
 Collector Network - Rare US Coins, World Coins, Banknotes, Paper Money, Cards and Stamps   (Site not responding. Last check: 2007-10-04)
Postal and Monetary History of the Gulf Arab States and the consequences of the withdrawal of the "external" rupee of Persian Arab Gulf States in 1966.
The rupee equaled 16 annas, 1 anna equaled 4 pices and each pice was divided into 3 pies.
The 36% devaluation of the Indian rupee decided by Indian Prime Minister Indira Gandhi on June 6, 1996, influenced the lowering of the convertible "external" Indian rupee.
www.collectornetwork.com /article_postal   (4134 words)

  
 [No title]
The Gulf rupees circulated successfully for a number of years in the states of the Arabian Gulf, but there was concern amongst the states that their economy was irrevocably linked to the fortunes of the Indian rupee (to which the Gulf rupee was directly linked).
In an effort to remove their reliance on the Gulf rupee, several attempts were made by the Gulf states to introduce their own currency.
The Qatar and Dubai riyal was subsequently introduced on 18 September 1966 and circulated in Qatar, Dubai and the emirates of Sharjah, Ajman, Umm al Quwain, Ras al Khamiah and Fujairah.
www.pjsymes.com.au /articles/UAE(article).htm   (6009 words)

  
 [No title]   (Site not responding. Last check: 2007-10-04)
Indian Rupees (INR) circulated in Bahrain until April 28, 1959, when the Persian Gulf Rupee (XPGR), issued by the Reserve Bank of India, was created for use in the Persian Gulf to reduce the drain on India’s foreign reserves.
The Indian Rupee was divisible into 16 Annas, and the Persian Gulf Rupee was divisible into 100 Naye Paise.
On October 16, 1965, the Bahraini Dinar (BHD) replaced the Persian Gulf Rupee at the rate of 1 Bahrain Dinar equal to 10 Persian Gulf Rupees.
www.globalfindata.com /gh/27.html   (347 words)

  
 The Hindu Business Line : Gulf NRI kitty bulges on war fears
The upswing in NRI deposits along with quicker repatriation of export proceeds (since the rupee is appreciating) and revaluation of gold reserves are said to be among the reasons for booming forex reserves, which crossed $70 billion last week.
Most of the Gulf States have embarked on short- and medium-term nationalisation measures, which seek to employ more Gulf nationals in a bid to correct the demographic imbalance that is currently in favour of expatriates.
Even if the rupee depreciates by 2 per cent in a year and repatriation costs are taken into consideration, investors still stand to gain by 1 per cent or more, the official said.
www.thehindubusinessline.com /bline/2003/01/08/stories/2003010801500400.htm   (733 words)

  
 Definition of Pakistani Rupee   (Site not responding. Last check: 2007-10-04)
The State Bank of Pakistan is responsible for printing Rupee banknotes, and these are printed in 1, 2 (1 and 2 rupee notes are no longer in print, they have been replaced by coins), 5, 10, 50, 100, 500, and 1,000 denominations(and soon to start 20 and 5000).
All banknotes other than the one and two rupee ones feature a portrait of Muhammad Ali Jinnah on the front along with writing in Urdu.
The Pakistani rupee depreciated against the US dollar until the turn of the century, when Pakistan's large current-account surplus pushed the value of the Rupee up versus the dollar.
www.wordiq.com /definition/Pakistani_Rupee   (389 words)

  
 [goa-research-net] GoanetReader -- Understanding the Gulfee.. a migrator
The Gulf Rupees were used in the region for a number of years before becoming redundant.
The first Gulf State to introduce its own currency was Kuwait, which introduced the Kuwaiti Dinar on Apri 1, 1961 (two years after the Gulf Rupees had been introduced).
By the end of 1966 the Gulf Rupee had ceased to be legal currency in all states of the Arabian Gulf, with Muscat and Oman being the only country maintaining it as an official currency.
www.mail-archive.com /goa-research-net@goacom.com/msg00157.html   (5328 words)

  
 Sandafayre Stamp Auctions | Stamp Atlas | The Persian (Arabian) Gulf
A port-of-call of the British India Steam Navigation Co. from 1862, it became an important telegraph station (with an undersea cable to the Persian Gulf) in 1865.
An island sheikhdom with dependent islets in the Arabian Gulf, protected by treaty of 1861 with Britain until its independence 15 August 1971.
It is the richest oil state in the Gulf.
www.sandafayre.com /atlas/pgulf.htm   (1412 words)

  
 Bahrain Government Homepage   (Site not responding. Last check: 2007-10-04)
This was modelled on the former British Indian currency with 4 pice being equal to one anna, and 16 annas to one rupee.
The currency denominations were the one pice in bronze, the half anna, one anna and two annas in copper nickel, and the quarter rupee, half rupee and one rupee in nickel.
The one rupee was issued in the name of the Government of India and the 5, 10 and 100 rupee denominations by the Reserve Bank of India.
www.bahrain.gov.bh /english/bahrain/books/currency/chap09.asp   (2798 words)

  
 corruption kerala minister K.V.Thomas in vigilance case dubious land deals fisheries deals with NRI businessmen.
In various Gulf countries, they have their benami operators who are used as a cover to convert their fl money earned in the state into white money.
The foreign currency bought by the hawala agent in the foreign country is remitted through the legal channel to India either by the local agent of the politician or by a "carrier".
According to sources, during a crucial Gulf tour recently, the Kerala state tourism and fisheries minister along with the central minister for civil aviation was in major Gulf capitals.
www.keralamonitor.com /kvthomascase.html   (2130 words)

  
 GN Online: View from Delhi: The rupee finally enjoys a silver streak
For the last ten years, ever since the economy was thrown open and liberalised, the rupee had been sinking against the dollar and most other hard currencies, until it touched 50 to the dollar last year.
Everybody is now trying to hold rupees and go slow on dollars, and often you have to pay a premium on the market rate to purchase rupees.
The strong rupee should have affected exports, but exporters are not complaining, not yet anyway, but are watching the money market closely.
www.gulf-news.com /Articles/news.asp?ArticleID=96549   (698 words)

  
 Currency and Banks :: محافظة العاصمة ::   (Site not responding. Last check: 2007-10-04)
However, because the bulk of trade was carried out between Bahrain and India, it eventually became necessary to recognize the British Indian rupee as the unit of account for government transactions and all official records.
This new currency, was known as the Gulf rupee.
The first bank to open in Bahrain and in the Arabian Gulf was the East bank Ltd. (Chartered Bank) which started its operations in 1920 in the house of Abdulrahman Al Gusaibi.
www.capital.gov.bh /index.php?name=EZCMS&page_id=47   (262 words)

  
 globalEDGE (TM) | country insights - Economy of Bahrain   (Site not responding. Last check: 2007-10-04)
The first Gulf state to discover oil, Bahrain has worked to diversify its economy over the past decade.
The Gulf Petrochemical Industries Company is a joint venture of the petrochemical industries of Kuwait, the Saudi Basic Industries Corporation, and the Government of Bahrain.
Bahrain's international airport is one of busiest in the Gulf, serving an average of 580 flights a week.
globaledge.msu.edu /ibrd/CountryEconomy.asp?CountryID=12&RegionID=3   (772 words)

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