India's Coin History: Sher Shah Suri's Rupee, RBI's Validity Update

• Coins have played a crucial role in India for over 2,500 years, reflecting economic, political, and cultural aspects.
• India's first coins were punch-marked coins, appearing between the 6th and 5th centuries BCE during the Mahajanapada period, primarily made of silver.
• Sher Shah Suri introduced India's first standardized silver coin, the 'Rupiya,' between 1540 and 1545 CE, which laid the foundation for the modern Indian Rupee.
• The Reserve Bank of India (RBI) determines the validity of coins and notes in India.
• RBI clarified that 50 paise, ₹1, ₹2, ₹5, ₹10, and ₹20 coins are legal tender across the country, addressing misconceptions about ₹10 coins.

Why It Matters: It reveals India's monetary history, from ancient coins to modern economic systems.