Jammu and Kashmir has no authority to issue currency — monetary policy in India is the exclusive domain of the Reserve Bank of India under the Constitution. This piece is a privately produced fantasy item with no legal tender status anywhere, including Antarctica, which has no currency of its own precisely because it has no sovereign government.
Jammu and Kashmir has no authority to issue currency — monetary policy in India is the exclusive domain of the Reserve Bank of India under the Constitution. This piece is a privately produced fantasy item with no legal tender status anywhere, including Antarctica, which has no currency of its own precisely because it has no sovereign government.