It is important to note that every country has its own currency. In addition to circulating coins and banknotes, money is used in any form as a medium of exchange. Currency can be defined as a system of money used by the people of a country daily. In a country, money is issued in the form of notes and coins called currency. Each country may have its unique currency. The dollar is the official currency of the United States of America. The Indian rupee \((₹)\) is the Indian currency. As a result, money is used to acquire products and services and compensate individuals for their labour.ĭifferent countries may use different currencies. We can buy anything we want with the money. In addition to food and other needs like toys and candies, you’ll also need money for things like movie tickets and retail therapy, as well as to pay for your automobile or rent an apartment. ‘Rupya’ and ‘Rupiya’ are both adjectives that refer to something beautiful and stamped (Pini). The adjective rupaka refers to a particular coin. The word rupa, a noun in Sanskrit, refers to a form or beauty (Rigveda). There is some evidence to suggest that the word rupa has Vedic or Dravidian roots. Noun ‘rupaalu’ refers to a person’s “shape, resemblance, or image.” The word ‘rupaalu’ is also an adjective meaning shapely. It was used in the same way that a coin is or was for stamped or impressed silver. In Sanskrit, the word ‘rupaalu’ means wrought silver or a silver coin. A silver coin, the Sanskrit word rupyakam, is the root of the word rupee.
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