The RBI Monetary Museum - A Collection of Monetary Treasure
The RBI Monetary Museum - A Collection of Monetary Treasure Could you imagine living a life without money? Of course not, right? Money is a really crucial thing in today's world. It's not the most important thing but it is vital for a living. Money is a current medium of exchange in the form of bank notes, coins or cash. Primarily, it has four functions :- 1) Medium of exchange 2) Unit of account 3) Store of value 4) Standard of Deferred payment India was one of the earliest issuers of coins and is home to numerous monetary items. Recently, I visited the Reserve Bank of India (RBI) Monetary Museum which is located in Fort, Mumbai, Maharashtra. It is filled with tons of monetary items and information of how the monetary system developed. From the coinage with innumerable coins of different eras to paper money, mechanical and electrical calculators. From ancient cheques to the RBI book of the bank and descriptions of Governors of In...