322:
276:
311:
187:
623:
231:
203:
160:
288:
96:
56:
242:
171:
609:
144:
300:
128:
215:
258:
483:
exchanged for more valuable foreign currencies to be used by the smugglers to buy more gold. Towards the end of the 1950s, the volume of gold trafficking had become so large that it inevitably precipitated a serious depletion in the foreign cash reserves at the Indian
Reserve Bank and was causing economic damage arising directly from the smuggling operations.
542:
Notes were issued in denominations of ₹1 by the Indian government and ₹5, ₹10 and ₹100 by the
Reserve Bank of India. The notes were in designs very similar to the standard Indian notes but were printed in different colours. While the ₹1 and ₹10 notes were printed in red, the ₹5 notes were printed in
482:
had complained of gold traffickers in the Gulf region whose base of operations was constantly being broadened, especially in Kuwait, Bahrain and Dubai. Smugglers used to take gold to the Indian sub-continent and return with Indian rupees which were valid for circulation in the region and were
490:
created the Gulf rupee, initially at par with the Indian rupee. It was introduced as a replacement for the Indian rupee for circulation exclusively outside the country. Effectively, the common currency area now did not include India.
1139:
494:
On 6 June 1966, India devalued the Gulf rupee against the Indian rupee. Following the devaluation, several of the states still using the Gulf rupee adopted their own currencies.
1343:
60:
One Gulf rupee, similar to the regular One Indian rupee note issued in India, but printed in red and containing a "Z" letter prefix in the serial number.
1087:
461:. That meant, in effect, that the Indian rupee was the common currency in those territories as well as in India. The Indian rupee was pegged to the
441:
To the middle of the 20th century, the Indian rupee was also used as the official currency in the emirates on the eastern
Arabian Peninsula, namely
1323:
1318:
641:
556:
723:
446:
280:
530:
continued to use the Gulf rupee until 1970, with the government backing the currency at its old peg to the pound, when it adopted the
543:
orange and the ₹100 notes were printed in green. The serial numbers of the banknotes issued in all denominations were prefixed by a
1196:
984:
636:
1333:
1328:
1313:
1338:
1308:
357:
1109:
1124:
1144:
66:
196:
180:
590:
426:
345:
1222:
894:
842:
796:
418:
246:
235:
208:
175:
164:
1227:
1104:
1094:
977:
678:
487:
479:
442:
422:
292:
910:
906:
522:, which was equal to the Gulf rupee prior to its devaluation, effectively the Indian rupee value.
1180:
1099:
1014:
628:
914:
1267:
1217:
1159:
1056:
1036:
1031:
394:
1247:
1154:
1119:
1061:
788:
768:
450:
315:
220:
1262:
1164:
1051:
1041:
883:
458:
382:
304:
44:
1303:
1134:
1046:
970:
954:
898:
868:
833:
820:
792:
753:
734:
713:
515:
507:
454:
326:
153:
137:
55:
1297:
1082:
1024:
902:
689:
499:
462:
121:
962:
1077:
1019:
924:
653:
614:
519:
502:
in 1961, pegged to the Indian rupee, which was still pegged to the pound sterling.
430:
398:
362:
339:
110:
106:
89:
1282:
1237:
1149:
1129:
779:
370:
This infobox shows the latest status before this currency was rendered obsolete.
224:
100:
1242:
1212:
934:
604:
531:
251:
523:
401:
between 1959 and 1966 (1970 Oman). These areas today form the countries of
17:
993:
872:
757:
390:
1257:
503:
406:
148:
1272:
495:
402:
132:
486:
As a result of the strain on India's foreign reserves, in 1959 the
1277:
1252:
1232:
998:
663:
511:
410:
191:
527:
414:
262:
966:
851:
devaluation of the Gulf rupee before delivery of replacement
805:
devaluation of the Gulf rupee before delivery of replacement
578:
27:
Former currency of
British Persian Gulf protectorates
923:
the Gulf rupee circulated primarily near the coast (
637:
The Bank Notes of the Qatar and Dubai
Currency Board
1205:
1189:
1173:
1070:
1007:
356:
351:
337:
332:
269:
117:
85:
80:
72:
65:
35:
518:(after 1971, United Arab Emirates) adopted the
978:
510:in 1965, at the rate of 1 dinar = 10 rupees.
8:
662:creation of new currency for use outside of
36:
30:
985:
971:
963:
393:used in the British protectorates of the
646:
568:
1344:Currencies of the United Arab Emirates
29:
930:
880:
829:
817:
775:
765:
730:
720:
685:
675:
649:
7:
526:used the Bahraini dinar until 1973.
557:British currency in the Middle East
386:
37:
25:
621:
607:
320:
309:
298:
286:
274:
256:
240:
229:
213:
201:
185:
169:
158:
142:
126:
94:
54:
576:Taryam, Abdulla Omran (2019).
1:
1324:Currencies introduced in 1959
580:. Routledge. pp. 59–60.
593:(Amendment) Act, 1 May 1959
1360:
1319:Modern obsolete currencies
1140:Netherlands Indian roepiah
429:and was equivalent to the
1110:German East African rupie
1088:Japanese occupation rupee
475:Indian rupees = 1 pound.
368:
76:1, 5, 10, 100 Gulf rupees
53:
1125:Italian Somaliland rupia
1145:Portuguese Indian rupia
642:Gulf Rupees - A History
421:. It was issued by the
858:1 dinar = 10 rupees =
743:1 dinar = 10 rupees =
197:Qatari and Dubai riyal
181:Qatari and Dubai riyal
1334:Currencies of Bahrain
812:1 riyal = 1.065 rupee
591:Reserve Bank of India
520:Qatar and Dubai riyal
427:Reserve Bank of India
346:Reserve Bank of India
1329:Currencies of Kuwait
1223:History of the rupee
1105:French Indian roupie
895:Maria Theresa thaler
419:United Arab Emirates
397:that are around the
209:United Arab Emirates
1314:Currencies of India
1228:History of the taka
1095:Danish Indian rupee
480:Government of India
423:Government of India
389:) was the official
32:
1339:Currencies of Oman
1309:Currencies of Asia
1100:East African rupee
1015:Bhutanese ngultrum
825:1959 – 1966
773:1959 – 1966
728:1959 – 1965
683:1959 – 1961
629:Numismatics portal
1291:
1290:
1218:Indian rupee sign
1160:West Irian rupiah
1057:Seychellois rupee
1037:Maldivian rufiyaa
1032:Indonesian rupiah
961:
960:
957:
928:
917:
888:1959 – 1970
876:
852:
845:
813:
806:
799:
761:
716:
673:
666:
488:Indian government
395:Arabian Peninsula
375:
374:
16:(Redirected from
1351:
1155:Travancore rupee
1120:Hyderabadi rupee
1062:Sri Lankan rupee
987:
980:
973:
964:
952:
951:
947:
939:
919:
892:Concurrent with:
890:
867:
866:
862:
854:
847:
838:
808:
801:
784:
752:
751:
747:
739:
711:
710:
706:
703:
694:
668:
658:
647:
631:
626:
625:
624:
617:
612:
611:
610:
594:
588:
582:
581:
573:
514:and most of the
498:had adopted the
474:
473:
469:
388:
342:
325:
324:
323:
314:
313:
312:
303:
302:
301:
291:
290:
289:
279:
278:
277:
261:
260:
259:
245:
244:
243:
234:
233:
232:
219:
217:
216:
207:
205:
204:
190:
189:
188:
174:
173:
172:
163:
162:
161:
147:
146:
145:
131:
130:
129:
99:
98:
97:
58:
48:
40:
39:
33:
21:
1359:
1358:
1354:
1353:
1352:
1350:
1349:
1348:
1294:
1293:
1292:
1287:
1201:
1185:
1169:
1165:Zanzibari rupee
1066:
1052:Pakistani rupee
1042:Mauritian rupee
1003:
991:
949:
945:
944:
938:
932:
918:
889:
887:
884:Muscat and Oman
864:
860:
859:
853:
846:
837:
831:
824:
807:
800:
783:
777:
772:
749:
745:
744:
738:
732:
727:
708:
704:
701:
699:
693:
687:
682:
667:
657:
651:
627:
622:
620:
613:
608:
606:
603:
598:
597:
589:
585:
575:
574:
570:
565:
553:
540:
471:
467:
466:
465:at a rate of 13
439:
338:
321:
319:
318:
310:
308:
307:
305:Muscat and Oman
299:
297:
296:
287:
285:
284:
275:
273:
257:
255:
250:
241:
239:
230:
228:
223:
214:
212:
202:
200:
195:
186:
184:
179:
170:
168:
159:
157:
152:
143:
141:
136:
127:
125:
104:
95:
93:
61:
42:
28:
23:
22:
15:
12:
11:
5:
1357:
1355:
1347:
1346:
1341:
1336:
1331:
1326:
1321:
1316:
1311:
1306:
1296:
1295:
1289:
1288:
1286:
1285:
1280:
1275:
1270:
1265:
1260:
1255:
1250:
1245:
1240:
1235:
1230:
1225:
1220:
1215:
1209:
1207:
1203:
1202:
1200:
1199:
1193:
1191:
1187:
1186:
1184:
1183:
1177:
1175:
1171:
1170:
1168:
1167:
1162:
1157:
1152:
1147:
1142:
1137:
1135:Mombasan rupee
1132:
1127:
1122:
1117:
1112:
1107:
1102:
1097:
1092:
1091:
1090:
1080:
1074:
1072:
1068:
1067:
1065:
1064:
1059:
1054:
1049:
1047:Nepalese rupee
1044:
1039:
1034:
1029:
1028:
1027:
1017:
1011:
1009:
1005:
1004:
992:
990:
989:
982:
975:
967:
959:
958:
955:pound sterling
929:
899:Bahraini dinar
878:
877:
869:pound sterling
834:Bahraini dinar
827:
826:
821:Trucial States
815:
814:
793:Trucial States
774:
763:
762:
754:pound sterling
735:Bahraini dinar
729:
718:
717:
714:pound sterling
684:
674:
645:
644:
639:
633:
632:
618:
602:
601:External links
599:
596:
595:
583:
567:
566:
564:
561:
560:
559:
552:
549:
539:
536:
516:Trucial States
508:Bahraini dinar
455:Trucial States
438:
435:
373:
372:
366:
365:
360:
354:
353:
349:
348:
343:
335:
334:
330:
329:
327:Trucial States
271:
267:
266:
154:Bahraini dinar
138:Bahraini dinar
119:
115:
114:
105:(Replaced the
87:
83:
82:
78:
77:
74:
70:
69:
63:
62:
59:
51:
50:
26:
24:
14:
13:
10:
9:
6:
4:
3:
2:
1356:
1345:
1342:
1340:
1337:
1335:
1332:
1330:
1327:
1325:
1322:
1320:
1317:
1315:
1312:
1310:
1307:
1305:
1302:
1301:
1299:
1284:
1281:
1279:
1276:
1274:
1271:
1269:
1266:
1264:
1261:
1259:
1256:
1254:
1251:
1249:
1246:
1244:
1241:
1239:
1236:
1234:
1231:
1229:
1226:
1224:
1221:
1219:
1216:
1214:
1211:
1210:
1208:
1204:
1198:
1195:
1194:
1192:
1188:
1182:
1179:
1178:
1176:
1172:
1166:
1163:
1161:
1158:
1156:
1153:
1151:
1148:
1146:
1143:
1141:
1138:
1136:
1133:
1131:
1128:
1126:
1123:
1121:
1118:
1116:
1113:
1111:
1108:
1106:
1103:
1101:
1098:
1096:
1093:
1089:
1086:
1085:
1084:
1083:Burmese rupee
1081:
1079:
1076:
1075:
1073:
1069:
1063:
1060:
1058:
1055:
1053:
1050:
1048:
1045:
1043:
1040:
1038:
1035:
1033:
1030:
1026:
1025:Digital rupee
1023:
1022:
1021:
1018:
1016:
1013:
1012:
1010:
1006:
1001:
1000:
995:
988:
983:
981:
976:
974:
969:
968:
965:
956:
942:
937:
936:
931:Succeeded by:
926:
922:
916:
912:
908:
904:
903:Kuwaiti dinar
900:
896:
893:
886:
885:
879:
874:
870:
857:
850:
844:
841:
836:
835:
830:Succeeded by:
828:
823:
822:
816:
811:
804:
798:
794:
790:
787:
782:
781:
776:Succeeded by:
771:
770:
764:
759:
755:
742:
737:
736:
731:Succeeded by:
726:
725:
719:
715:
697:
692:
691:
690:Kuwaiti dinar
686:Succeeded by:
681:
680:
671:
665:
661:
656:
655:
648:
643:
640:
638:
635:
634:
630:
619:
616:
605:
600:
592:
587:
584:
579:
572:
569:
562:
558:
555:
554:
550:
548:
546:
537:
535:
533:
529:
525:
521:
517:
513:
509:
505:
501:
500:Kuwaiti dinar
497:
492:
489:
484:
481:
476:
464:
463:British pound
460:
456:
452:
448:
444:
436:
434:
432:
428:
424:
420:
416:
412:
408:
404:
400:
396:
392:
384:
380:
371:
367:
364:
361:
359:
355:
350:
347:
344:
341:
336:
331:
328:
317:
306:
294:
282:
272:
268:
264:
253:
248:
237:
226:
222:
210:
198:
193:
182:
177:
166:
155:
150:
139:
134:
123:
122:Kuwaiti dinar
120:
116:
112:
109:usage in the
108:
102:
91:
88:
84:
79:
75:
71:
68:
67:Denominations
64:
57:
52:
46:
34:
19:
1197:Hylian rupee
1114:
1078:Afghan rupee
1020:Indian rupee
997:
940:
933:
920:
911:Muscat baiza
907:Dhofar baiza
891:
882:Currency of
881:
855:
848:
839:
832:
819:Currency of
818:
809:
802:
785:
778:
767:Currency of
766:
740:
733:
722:Currency of
721:
695:
688:
677:Currency of
676:
669:
659:
654:Indian rupee
652:
650:Preceded by:
615:Money portal
586:
577:
571:
544:
541:
506:created the
493:
485:
477:
440:
431:Indian rupee
399:Persian Gulf
387:روبية خليجية
378:
376:
369:
363:Indian rupee
340:Central bank
295:(Until 1961)
283:(Until 1965)
107:Indian rupee
90:Indian rupee
81:Demographics
38:روبية خليجية
1150:Riau rupiah
1130:Javan rupee
1008:Circulating
953:rupees = 1
943:1 rial = 13
780:Saudi riyal
712:rupees = 1
358:Pegged with
225:Saudi riyal
118:Replaced by
101:British Raj
1298:Categories
1213:Rupee sign
1181:Petrorupee
1174:Conceptual
1115:Gulf rupee
1002:or similar
994:Currencies
935:Omani rial
915:Oman baiza
698:1 dinar =
563:References
532:Omani rial
417:, and the
379:Gulf rupee
252:Omani rial
31:Gulf rupee
18:Gulf Rupee
1190:Fictional
873:shillings
843:Abu Dhabi
840:Location:
797:Abu Dhabi
786:Location:
758:shillings
538:Banknotes
524:Abu Dhabi
352:Valuation
247:Abu Dhabi
238:; except
176:Abu Dhabi
73:Banknotes
1206:See also
875:sterling
760:sterling
551:See also
425:and the
391:currency
333:Issuance
86:Replaced
1258:Ashrafi
1071:Defunct
948:⁄
863:⁄
849:Reason:
803:Reason:
795:except
748:⁄
724:Bahrain
707:⁄
660:Reason:
504:Bahrain
470:⁄
447:Bahrain
437:History
407:Bahrain
281:Bahrain
270:User(s)
211:; only
167:; only
149:Bahrain
1273:Cowrie
996:named
941:Ratio:
925:Muscat
913:, and
856:Ratio:
810:Ratio:
741:Ratio:
696:Ratio:
679:Kuwait
672:at par
670:Ratio:
496:Kuwait
457:, and
453:, the
443:Kuwait
403:Kuwait
383:Arabic
293:Kuwait
218:
206:
133:Kuwait
49:
45:Arabic
41:
1304:Rupee
1278:Dinar
1253:Mohur
1248:Larin
1233:Paisa
999:rupee
921:Note:
871:= 15
789:Qatar
769:Qatar
756:= 15
664:India
512:Qatar
451:Qatar
411:Qatar
316:Qatar
221:Dubai
192:Qatar
1283:Tola
1263:Cash
1238:Anna
791:and
528:Oman
478:The
459:Oman
415:Oman
377:The
263:Oman
111:Gulf
1268:Dam
1243:Pie
236:UAE
165:UAE
1300::
909:,
905:,
901:,
897:,
700:13
547:.
534:.
449:,
445:,
433:.
413:,
409:,
405:,
385::
986:e
979:t
972:v
950:3
946:1
927:)
865:4
861:3
750:4
746:3
709:3
705:1
702:+
545:Z
472:3
468:1
381:(
265:)
254:(
249:)
227:(
199:(
194:)
183:(
178:)
156:(
151:)
140:(
135:)
124:(
113:)
103:)
92:(
47:)
43:(
20:)
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
