http://wikieducator.org/File:Ancient_coins.jpg T he denominations in which the notes and coins of any country exist have an impact on daily financial transactions of that country. Selecting the best possible denominations is by no means a random or casual process. It requires deep study and research. Not all countries have that expertise. Fortunately there is an easy way out, learn from the experience of other successful economies and adapt their selection with any necessary modification. The largest and most dynamic economy in the world over the last century or so has been the American one and lessons may be learned from their selection. The Canadians have not only copied their model but also the design of their coins closely varying the print and logo for their own country. The present note is now confined to India. The denomination of notes and coins as prevail are: Coins: ½, 1, 2, 5, 10 Rupees Notes: 5, 10, 20, 50, 100, 500 and higher values in Rupees Com...
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