Author Topic: Indian rupee currency (paper based and metal forms)  (Read 1448 times)

0 Members and 1 Guest are viewing this topic.

prashant_akerkar

  • Newbie
  • *
  • Posts: 2
Indian rupee currency (paper based and metal forms)
« on: July 27, 2011, 10:11:19 PM »
When  we see the Indian Currency (INR) in Paper and Metal form we observe that

the low currency value is in metal form while the higher currency value is in paper form

for example :

Coins : 50 paise coin, 1 rupee coin, 2 rupee coin, 5 rupee coin - low currency value

Notes :  Rs. 5, 10, 20, 50, 100, 500, 1000 - higher currency value

 

Question :

What is the reason for not creating (manufacturing) both the low and higher currency in a single form

i.e

 

Both are in Coins (Metallic form) i.e low as well as high currency value

or

Both are in Notes (Paper Based Forms ) i.e low as well as high currency value

My Opinion
--------------

As the Higher Currency Value is in Paper Based Form, Paper Based (Notes) may be more reliable, cheaper (extracted from wood) and secure (i.e offering security) than Metallic Form (Coins).

We also see Fake currency notes detecting machines in Banks. Manufacturing A Fake Coins Detecting machine can also be possible (we have to find out with the coin manufacturer).

It is very much possible to also have Rs. 5, 10, 20, 50, 100, 500, 1000 - higher currency value also in coins manufacturing.  isn't it ?

It is very much possible to also have 50 paise coin, 1 rupee coin, 2 rupee coin, 5 rupee coin  - lower currency value also in currency notes manufacturing.  isn't it ?

Ideally if currency notes (paper based)  are better than we should stop manufacturing coins.


Can we use Glass as a media form for future manufacturing of Indian Rupee Currencies and other foreign currencies viz USD, GBP, EURO, Yen etc ?

Current Currencies forms are Coins - Metals and Notes - Paper (extracted from wood).

Reference Link :

http://en.wikipedia.org/wiki/Glass

We can compare the three Media in terms of features for manufacturing of Currencies in three columns viz Paper (Wood), Metal (steel) and Glass (Sand).

The features could be cost, reliability, secure, Weight etc


Link
-----

http://www.orvis.com/store/product.aspx?pf_id=2H4P

Can we use a Non Breakable Glass as shown in the link above for Currency design and then later on for production ?

Keyword : Polycarbonate safety glasses

http://en.wikipedia.org/wiki/Polycarbonate

Thanks & Regards,
Prashant S Akerkar
« Last Edit: July 29, 2011, 02:42:53 AM by prashant_akerkar »