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Good old one rupee note turns 100 today
Take note of this
The last hundred years -- the first note was introduced on November 30, 1917, with the photo of King George V -- have been all but tumultuous for this creation.
Discontinuation of the note
Again, unlike other banknotes, this is not signed by the RBI governor, but by the finance secretary.
The first note
Until 1970, this note was also used as currency in Persian and Gulf countries such as Dubai, Bahrain, Muscat and Oman. The Portuguese and French were so impressed by ours that they also issued their own one rupee note.
Replacing silver coin
"Prices of silver surged during the World War I, so they first printed the note with a photo of the prevalent silver coin on it. Since then, every Re 1 note has a picture of the one rupee coin of that year," Girish Veera, a veteran collector from Dadar, central Mumbai, said.
The first note had the signature of three British finance secretaries -- MMS Gubbay, AC McWatters and H Denning -- and every note is signed by the finance secretary, including 18 since Independence, he added.
The major overhauls happened in 1940 when the British changed the features, including halving its size, and in 1949 when the government replaced British symbols with official ones of the newly-formed Republic and the last in 2016, with the reintroduction of the note in the current form, he said.