25 Koris

Kutch was a princely state in what is now Gujarat, and its right to issue currency persisted right up to the final years before Indian independence and integration. The Diwan — effectively the chief minister — signing banknotes rather than a banking official is characteristic of the more administratively intimate princely state issues, where the separation between treasury and government was, in practice, thin.

Tribhovandas J. Raja's tenure as Diwan places this note in the last window of Kutch's autonomous monetary existence. The state acceded to the Indian Union in 1948, after which these notes lost legal tender status.