There are many countries in the world that use the ‘rupee’ as their currency. This includes Indonesia, Mauritius, Nepal, Pakistan, Seychelles and Sri Lanka, apart from our own India.
It would however be wrong to say that they are all one and the same. The value and denominations of these ‘rupees’ are different in all these countries. They depend on the respective country’s economy, and monetary policy.
The units of currencies too are different in each country. While Indian and Pakistani rupees me further divided into ‘paise’, the unit in the Maldives is ‘rufiyah’. In Sri Lanka, they are ‘cents’. A Nepalese rupee, on the other hand, is equal to 100 paisa or four sukas, or two mohors.
But the rupee sign, given as ‘Rs’, is the same in Sri Lanka, Nepal, Pakistan and the Maldives. Till July 15th 2010 India too used this as the currency sign.
