Madras fanam
The fanam was a currency issued by the Madras Presidency until 1815. It circulated alongside the Indian rupee, also issued by the Presidency. The fanam was a small silver coin, subdivided into 80 copper cash, with the gold pagoda worth 42 fanams. The rupee was worth 12 fanams. After 1815, only coins of the rupee currency system were issued.
Conversion Table
| Pagoda | Rupees | Fanams | Cash |
|---|---|---|---|
| 1 | 3½ | 42 | 3360 |
| 1 | 12 | 960 | |
| 1 | 80 |
Fanams were also issued in Travancore, worth 1/7 of a rupee, whilst in Danish India the fano was issued, worth 1/8 rupee, and in French India the fanon was issued, worth 1/8 rupee.
See also
| ||||||||||||||||||||||||||
This article is issued from Wikipedia - version of the Saturday, July 25, 2015. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.