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Indian rupees (INR) to Euro conversion

The currency of India - the Indian rupees

Indian rupees are the official currency in India. The division is made into 100 paises.

The international abbreviation according to the ISO 4217 code is INR.

In the Hindi language, the rupee is represented as follows: रुपया and in Sanskrit: rupayā. The national abbreviations are as follows: ₹, iR, Re (singular), Rs (plural).

Indian history has a long history and so does money. Possibly it could already be between 2500 and 1750 BC. Ch. Gave a first coin system. Trade has always been a top priority on the subcontinent. This is evidenced by China, Greece and the Roman Empire. Indian coins, for example, contained images of Greek and Roman deities and symbols.

The Indian rupee goes back to the ruler Afghan Sher Shah Suri (1540–1545). He wanted a centralized administration and one unified monetary system build up. Around 1526 the silver coin "Rupiya" was introduced. In 1612 the coin was given the name "rupee".

For a long time Indian rulers were able to hold the great empire together. It was only the British East India Company who managed to put a large part of India, Pakistan and Bangladesh under their domination by maneuvering and exploiting the hostilities of local rulers. In 1857 the rule was handed over to the British Crown. The crown ordered the introduction of the British pound but the rupee remained that in spite of everything indian currency during colonial times. India gained independence in 1947.

Coins and banknotes of the currency India

In 1950 the first Indian rupees were first issued as the new currency of the Republic of India.

1 rupee corresponded 16 annas and 1 Anna was 4 paises

In 1957 the currency was decimalized: 1 rupee now corresponded to 100 Naye Paise (Hindi: New Paise). From 1964 the name Paise remained.

Today's coins have a denomination of 5, 10, 20, 25 and 50 paises and from 1, 2, 5 and 10 rupees. In 2011 the small Paise coins (5 - 25) became invalid. The 50 Paise coin is still in circulation, but rarely in use.

At banknotes are 5, 10, 20, 50, 100, 200, 500 and 1,000 rupees in circulation. In 2016 a 2,000 rupee note was issued and the 1,000 rupee note became invalid. A small number of 1 and 2 rupee notes were issued. They are very rarely available.

Indian society likes the cash. The multi-ethnic state has also taken into account its linguistic diversity: in 17 Indian languages, the nominal value is included on the banknotes.

The currency of India and its conversion into euros

With the Currency converter, which is also available online, can easily use the indian rupees in euros be converted. The currency converter is used to convert quickly, easily and safely, and of course from euros to Indian rupees. There is one thing holidaymakers, but also traders and investors, have to bear in mind: The conversion with the currency converter always takes place without displaying any fees. Fees are payable for conversion, deposits and withdrawals, foreign currency procurement, transfers and other banking transactions. The cost of these services must be deducted from the conversion amount.

The currency India to other currencies

The Indian currency can also be easily converted to other currencies such as the US dollar, Swiss franc, British pound or ruble Currency converter convert. The Conversion factor can thus be easily determined. Here, too, it should be noted that the conversion takes place without the bank charges.

Indian foreign exchange regulations

Foreign currencies can be imported and exported to India. From one Amount of $ 5,000 these must be declared. This applies to cash and travelers checks. An export is possible up to the declared amount minus exchange amounts. To do this, the exchange receipts must be kept.

From a value of 25,000 Rs there is a Obligation to declare for the import of the national currency. An export is allowed up to Rs 25,000.

The import of Gold coins and -bars is forbidden!

Money can only be exchanged at official locations. US dollars, euros, or British pounds sterling are the easiest to change. In large cities and international airports you can easily exchange money at machines.

Bank and credit cards are accepted in most major banks, hotels and shopping centers. A credit card should always be carried as it is in rural areas Problems with the cash supply gives.