Abstract
This research article examines the historical context and significance of the unique currency produced by the Princely State of Jammu and Kashmir during the reign of Maharaja Ranbir Singh in 1877. At the time, the state displayed significant autonomy and separate governance by printing its own money in denominations ranging from ₹1 to ₹1,000. The currency release occurred during the month of Vaishakh on the Vikram Samvat 1934 calendar, highlighting the incorporation of regional traditional activities into administrative functions. These notes were primarily used for the payment of land revenue and other governmental dues, thus playing a crucial role in the state’s financial management. Featuring signatures from several competent authorities, including prominent figures like Diwan Kirpa Ram, the notes bore significant symbolic and administrative value. Additionally, specific notes highlighted cultural elements, such as the name of Mahesh Chander Vishvas in Nagari script, reflecting the state’s rich cultural identity and administrative sophistication. This initiative by the Princely State underlines its organised administrative structure and cultural integration within its financial practices.
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