Indian currency to get its distinct identity by this week
In his budget speech earlier this year, Finance Minister, Pranab Mukherjee necessitated the need of formulating a distinct identity for the Indian currency because of the growing influence of of the Indian economy in the global financial markets.
THE INDIAN currency is now ready to join the league of major currencies with a unique identification symbol. This distinct symbol will allow India to join the likes of US dollar, British Sterling Pound, Japanese Yen and Euro which boasts of its distinguished identities. All these symbols are instantly recognised all across the globe. In his budget speech earlier this year, Finance Minister, Pranab Mukherjee had spoken about the need of formulating a distinct identity for the Indian currency because of the growing influence of of the Indian economy in the global financial markets.
The two slashes, which are generally on the stem of the symbol are recognised world wide as the international symbol for a currency unit. The short listed entries were presented in front of a seven member jury from the Reserve Bank of India (RBI) and the government and representatives from elite institutes like National Institute of Design, Lalit Kala Academy, JJ Institute of Applied Arts and Indira Gandhi National Centre.
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