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1/2 Anna WWII Cash Coupon

Issuer Jaora State
Year 1940-1948
Type Standard circulation banknote
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Obverse description Central vignette bears a portrait of Nawab Lt. Col. Sir Muhammad Iftikhar Ali Khan. The denomination numeral 1/2 appears in all four corners within a bordered frame, with inscriptions running along the border.
Obverse lettering JAORA STATE HALF ANNA आधा आना
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Comments

Jaora was a small Muslim princely state in western Madhya Pradesh, and its wartime cash coupons occupy a peculiar corner of Indian fiscal history. During the Second World War, the broader disruption to metal supplies across British India prompted numerous small states to issue low-denomination paper scrip to replace coins that had either been hoarded or diverted for the war effort. The half anna sits at the bottom of that practical necessity.

Pick unlisted. Very little documented about print runs, issuing authority structure, or surviving quantities for Jaora's coupon series specifically — which itself tells you something about how locally confined their circulation was.

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