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100 Rupees Haj Pilgrim, Reserve Bank of India
| Issuer | Reserve Bank of India |
|---|---|
| Year | 1957-1962 |
| Type | Log in to see details |
| Value | 100 Rupees |
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| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 199 HA RESERVE BANK OF INDIA HA063008 GUARANTEED BY THE CENTRAL GOVERNMENT TO PAY THE BEARER ON DEMAND THE SUM OF RUPEES AT THE OFFICE OF ISSUE FOR THE RESERVE BANK OF INDIA HA 063008 GOVERNOR 100 |
| Reverse description | Log in to see details |
| Reverse lettering | RESERVE BANK OF INDIA এক শ টাকা એક સો રૂપિયા ఒందು నూరు రూపాయగళు நூறு ரூபாய் నూరు రూపాయలు ONE HUNDRED RUPEES एक सौ रुपये |
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| Comments |
India's Haj pilgrim notes occupy a genuinely peculiar corner of monetary history. Issued specifically for Indian Muslims traveling to Mecca for the Haj, they were legal tender in Saudi Arabia but not in India itself — a deliberate mechanism to prevent the notes from being repatriated and used to circumvent India's strict foreign exchange controls under the Foreign Exchange Regulation Act. The Reserve Bank issued them through authorized agents, and pilgrims surrendered their ordinary rupees to receive these in exchange.
Saudi Arabia eventually objected to the arrangement, and the series was discontinued in 1978 after sustained diplomatic pressure. Pakistan had operated a nearly identical scheme with its own Haj notes.