![]() ![]() ![]() ![]() In 1957, special notes called the 'External rupees' or 'Gulf rupees' were printed in India for circulation in the Gulf. The Indian government, in consultation with the governments of the states in the Persian Gulf and the Bank of England, decided to address the problem by introducing special currency notes for circulation in the Persian Gulf. Ramkumar also let slip in an interesting anecdote how the Indian currency was also not just used by the surrounding countries but close to 20 countries at one point, in different parts of the world, have also done the same.Īs prevalent now, counterfeit currency and smuggling was also rampant in the 1950s as well. The Trucial States, also known as Trucial Oman, Trucial States of the Coast of Oman, the Trucial Coast, and Trucial Sheikhdoms, were a group of sheikhdoms in the south-eastern Persian Gulf, previously known to the British as the 'Pirate Coast', which were signatories to treaties (hence 'trucial') with the British government. Ramkumar explained how the Indian currency in the then Trucial States fell under two categories: notes in circulation before 1957 and those used between 19. Ramkumar, founder of Numisbing, a Deira-based hub for coin collectors and dealers highlighted how the Indian rupee was the legal tender in the UAE for many years, long before the UAE dirham. In an interview to some gulf news websites, famous Dubai-based numismatist S. Keeping in tune with the Abu Dhabi Crown Prince Shaikh Mohammad Bin Zayed Al Nahyan’s three-day visit to India, numismatists have dug up some interesting facts on the monetary similarities between the two countries. This should be a story that interests all history buffs and numismatists out there. ![]()
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