1. New Currency Symbol for Indian
Rupee
• Yash Jain
• Rahul Yadav
• Rohit Yadav

2. The Elite Currency Club

3. Official Members
Dates back to
Pound 1560
Sterling
US Dollar Adopted in the
US in 1785.
Japanese Adopted in 1871
yen
Adopted In 2010
Adopted in 1996
Euro
Indian
Rupee

4. • Derives currency of United States of America solidi, denarii –
Official from black-letter 'L', from LSD – librae,
• Official currency of Eurozone in the European Union
• Derives from "thaler", pence of original duodecimal currency
pounds, currency of Japan name given to coins first minted in
Official shillings and the
• Common currency to many countries.
• Japanese decided to adopt
1519 from silver in Bohemia.a silver dollar coinage, 'yen‘
system
• Officially adopted by European Commission on 12 December
•Differentiates American currency from those of Canada,
• Official currencyon MayUnited Kingdom and the Crown
(round object) of the 10, 1871.[
1996
• Has symbol
Australia etc. since it`s inception
Dependencies.
• Has symbol since it`s inception
• Commonly Known as British is JPY (Japan Yen).
The ISO = 100 Cents
1 Dollar 4217 currency code pound.
• The ISO 4217 currency code is EUR (Europe).
• 1 Poundthird inPence of most Traded currencies Dollar).
Ranked = 100 terms
The ISO 4217 currency code is USD (United States
• Ranked after USD on the most traded currency list.
• The most Traded currency in is GBP (Great Britain Pound).
Fully convertible.
Top ISO 4217 currency code Foreign Exchange market.
• Fully convertible.
• Fully convertible.

5. The Procedure

6. The Idea
• Govt. of India(Finance Ministry) thought to give Indian
currency, a, symbol.
• The competition was kept open to public.
• The norms were:
 Represent the historical and cultural prominence of the country.
 Be widely acceptable across the country.
 Be applicable to standard keyboard.
 Be in the Indian National Language Script or a visual
representation.
• Cash Prize to the Winner : 2.5k

7. The Response
• Many Designs were
submitted.
• Jury had spend less than
20 seconds on each
design entries, to analyze
it.
• Finally, It was Uday
Kumar, A post-graduate
from IIT Bombay.
• The design was made
official.

8. The Design

9. A mixture of both the Devanagari script and the Roman script

10. Also equalityisadesignedletter gives the symbol of of our Identi
The unique part Shiro-Rekha,‘R’ the tricolor bands Indian nationa
symbol symbol of in harmonious withRoman symbols.
denotes part represents from the other Script.
It denotes the letter ‘R’ from the Devanagari Script
flag.

11. Easy to make

12. U+ 20A8
Unicode for Indian currency
symbol (Rupee)
U+0971
Proposed by Indian IT
Department within the Unicode
range of Devanagari script

13. Country Symbol Script Denomination
India Devanagari 100 Paisa
Indonesia Rp Indonesian 100 Sen
Mauritius - Latin 100 Cents
Nepal - Devanagari 100 Paisa
Pakistan - Urdu 100 Paisa
Seychelles - Latin 100 Cents
Sri Lanka - Sinhalese & 100 Cents
Tamil

14. What NEXT ?
National and
Approval of Role of State
Global
design Govts
acceptance
Other Currency
applications notes or coins

15. Other Applications

16. Contd..
.
.

17. Challenges Ahead
MAIT - Hardware
Manufacturers
Nasscom
National Standard – ISCII
ISO/IEC 10646
Unicode Standard

18. Welcome Initiatives
• “Once the Unicode consortium gives its nod and
•”Microsoft vendors get notification of the same, we can include
the new symbol in the next release.”
•“
• “Once the standards are frozen, it will take us one
HCL quarter to integrate the changes in the hardware.”
• “The company would just take a month to get the new
keyboards ready (either through a new key or
TVS conversion of a functional key into a Rupee key).”

19. Benefits
Showcases strength
& robustness of
Indian Economy
Internationalizaton of Distinct character
Indian Rupee and identity
Full capital account Distinguish from
convertibility Rupiah

20. The Other Side
(view of some economists)
Merely a showcast. No international
Still so much monetary club into
poverty which you get
membership
Symbols used for Any government
other currencies as with the right to
well issue coinage also
has the right to
Ex: $ ,£ ¥ define a symbol for
that coinage

21. Overall Opinion
India, for sure, is not amongst the strongest economies of the
world . But this decision is
“ a small encouraging step in the direction of the
”
long journey that we still have to cover.