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100 Rupees

Issuer Government of H.E.H. the Nizam (Hyderabad State)
Year 1928
Type Standard circulation banknote
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Obverse lettering کرنسی نوٹ سرکار عالی
میں اقرار کرتا ہوں کہ عنت للمطالبہ حامل ہذاکو
شہنر روپیے
نُورُو رُوپایَالو
یصد روپیه عثمانیه
نُورُو پا ۱۰۰
O.S.Rs. ONE HUNDRED.
تقاضا عازمہ سرکار عالی حیدرآباد سے ادا کرونگا
منجانب سرکار عالی
Reverse description Printed entirely in blue on a cream ground, the reverse is an elaborate engine-turned design without any pictorial vignette. A large central medallion of concentric guilloche rosettes carries the numeral '100' in its heart, surrounded by interlocking lace-pattern bands that radiate outward to the four corners, each occupied by a scalloped roundel bearing the denomination '۱۰۰' in Urdu numerals. Lateral panels of repeating geometric guilloche complete the symmetrical composition, with the printer's imprint 'WATERLOW & SONS LIMITED, LONDON WALL, E.C.' at the bottom centre.
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Hyderabad maintained its own currency — the Osmania Sikka — entirely independent of the British Indian rupee system, a privilege the Nizam's government defended vigorously until accession in 1948. This 100-rupee note, printed by Waterlow & Sons in London, was issued under that parallel monetary authority, which operated its own treasury, its own coinage, and its own note-issuing apparatus with a formality that rivaled any colonial administration.

The FE dating refers to the Fasli Era, the agricultural calendar used for official Hyderabadi fiscal purposes. FE 1339 corresponds to 1928–29 CE, with the QA and PY–PZ series distinctions suggesting sequential signature or control batches within that year's issue.