British Indian and Mughal Coins

Albert Frederick Arthur George, better known as King George VI , reigned as King of the United Kingdom and the Dominions of the British Commonwealth from 1936 to 1952 . He was also the last Emperor of British India , retaining the imperial title until the dissolution of the British Raj in August 1947 . His reign coincided with a transformative period in the history of Indian paper currency , encompassing the establishment of the Reserve Bank of India , the Second World War , and the final years of British rule on the Indian subcontinent. Paper currency had already become an important part of India's monetary system by the late eighteenth century, when several private and Presidency Banks began issuing their own banknotes. This fragmented system ended with the enactment of the Paper Currency Act of 1861 , which granted the Government of India the exclusive authority to print and circulate paper money. A further milestone was reached with the establishment of the Reserve Bank of Ind...