This article is more than 10 years old. This is an amusing story from Pakistan. A rumour has taken hold that the old 1 rupee coin is worth substantially more than the 1 rupee face value due to the ...

Just about all public money these days is fiat money. Fiat meaning here not small Italian car, but "by decree." The government points to something and declares that is money. Might be a coin, might be ...

Rumors often circulate about the 50-rupee coin. This has led many shopkeepers to shy away from accepting 10-rupee coins. However, you might be surprised to learn that a total of 14 different designs ...

The one-rupee coin, which costs ₹1.11 to mint, exceeds its face value, reflecting inflation's impact on production costs. Coins like ₹2, ₹5, and ₹10 have varying minting expenses. Coin production by ...