New Series of Banknotes and Coins featuring the name 'Bharat'

In a move deeply rooted in historical significance and cultural identity, the Republic of India is considering a journey to rename itself as the Republic of Bharat and its currency from the "Indian Rupee" to the "Bharatiya Rupee". Such news has been widely covered in mainstream media, and extensive discussions are taking place on social networking sites as excitement grows following the Rashtrapati Bhavan's issuance of an invite for a G20 dinner on September 9th, 2023, in the name of "President of Bharat" instead of the usual "President of India".

Recently, Mr. Prem Pues Kumar, a numismatist, shared the news that "All banknotes and coins will soon feature the name Bharat". However, it is important to note that banknotes and coins already bear the inscriptions "Bharat" and "India". Specifically, the banknotes feature "Bharatiya Reserve Bank" in Devanagari script and "Reserve Bank of India" in English, while the coins display "Bharat" in Devanagari script and "India" in English.

Needless to say, the logo and commemorative coins of the ongoing G20 Presidency issued last month also feature both "Bharat" and "India."

The Article 1 of the Indian Constitution pertains to the name and territory of India. Here is the text of Article 1: "India, that is Bharat, shall be a Union of States".

This article clarifies that the official name of the country is "India," and it is also referred to as "Bharat." It establishes India as a Union of States, signifying the federal structure of the Indian government, where power is divided between the central government and individual states.

Though, the idea of changing the currency's name from "India" to "Bharat" gained momentum in the early 21st century as part of a broader movement to reconnect with the nation's cultural roots and celebrate its linguistic diversity. The proposal aims to honor the notion that the country's identity extends beyond its colonial legacy and embraces the essence of "Bharat".

Changing the name of a nation's currency is a meticulous process that involves amending Article 1, logistical adjustments, and administrative changes. In the case of Bharat, the government needs to pass legislation to officially rename the Indian Rupee as the Bharatiya Rupee. The transition will be slow and gradual, with both names being used concurrently for a period to ensure a smooth shift.

The transition from the Indian Rupee to the Bharatiya Rupee marks a significant moment in Bharat's ongoing journey to embrace its cultural heritage and celebrate its identity as a diverse and united nation.

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