Ramgarh Raj was a zamindari estate in Bihar, and like several princely and semi-autonomous territories during the Second World War, it resorted to issuing its own fractional cash coupons when small-denomination coinage effectively vanished from circulation — hoarded, melted, or simply absorbed by wartime demand. The 1 Anna denomination placed this squarely in the everyday transaction range where the shortage bit hardest.
A serial number as the sole security feature was typical of these improvised local issues, which were never intended to circulate beyond the estate's own tenants and markets.
Ramgarh Raj was a zamindari estate in Bihar, and like several princely and semi-autonomous territories during the Second World War, it resorted to issuing its own fractional cash coupons when small-denomination coinage effectively vanished from circulation — hoarded, melted, or simply absorbed by wartime demand. The 1 Anna denomination placed this squarely in the everyday transaction range where the shortage bit hardest.
A serial number as the sole security feature was typical of these improvised local issues, which were never intended to circulate beyond the estate's own tenants and markets.