Gulf rupee
E351963
The Gulf rupee was a special version of the Indian rupee used in several Gulf states for trade and everyday transactions before they introduced their own national currencies.
All labels observed (1)
| Label | Occurrences |
|---|---|
| Gulf rupee canonical | 4 |
Statements (47)
| Predicate | Object |
|---|---|
| instanceOf |
currency
ⓘ
historical currency ⓘ |
| category |
Currencies of Asia
ⓘ
Currencies of India ⓘ Currencies of the Persian Gulf ⓘ Obsolete currencies ⓘ |
| circulationType | external rupee ⓘ |
| countryOfOrigin | India ⓘ |
| denominationSystem | rupee-anna-paisa system ⓘ |
| economicRole | facilitated trade between India and Gulf region ⓘ |
| historicalEra | mid-20th century ⓘ |
| introducedBy |
Government of India
ⓘ
Reserve Bank of India ⓘ |
| introducedFor | use in countries with external rupee circulation ⓘ |
| issuer | Reserve Bank of India ⓘ |
| legalTenderIn | certain British-protected Gulf sheikhdoms ⓘ |
| linkedTo | British colonial monetary system in the Gulf ⓘ |
| monetaryArea |
Persian Gulf
ⓘ
surface form:
Persian Gulf region
|
| monetaryPolicyControlledBy | Reserve Bank of India ⓘ |
| monetaryUnionType | de facto currency area based on Indian rupee ⓘ |
| peggedTo | Indian rupee ⓘ |
| reasonForIntroduction | to reduce gold smuggling and currency outflow from India ⓘ |
| regionSpecificVariantOf | Indian rupee ⓘ |
| replacedBy |
Bahraini dinar
ⓘ
Dubai riyal ⓘ Kuwaiti dinar ⓘ Omani rial ⓘ Qatari riyal ⓘ national currencies of Gulf states ⓘ |
| replacedCurrency |
Indian rupee
ⓘ
surface form:
Indian rupee (for external circulation in Gulf)
|
| scriptOnNotes |
English
ⓘ
Hindi ⓘ regional Indian scripts ⓘ |
| status | demonetized ⓘ |
| usedBy |
Indian expatriates in Gulf
ⓘ
local populations in Gulf states ⓘ |
| usedFor |
everyday transactions
ⓘ
trade ⓘ |
| usedIn |
Bahrain
ⓘ
Persian Gulf states ⓘ
surface form:
Gulf states
Kuwait ⓘ Oman ⓘ
surface form:
Muscat and Oman
Oman ⓘ Qatar ⓘ Trucial States ⓘ United Arab Emirates ⓘ |
| usedUntil | 1960s ⓘ |
Referenced by (4)
Full triples — surface form annotated when it differs from this entity's canonical label.