UPDATE : New symbol has been chosen and you can read more details about it here – New Symbol for Indian Rupee finalized.
Are we going to have a new symbol to represent Indian Rupee? According to Indian finance ministry, the ‘Change’ factor seems to have hit India and its currency. The Government of India will be conducting a competition to partner with public in order to come up with an ‘Innovative symbol for Indian Rupee’. The finance ministry site has all the details and the best part of the whole program is that we too can involve in the process of coming up with a new symbol.
What it means is that each one of us have an equal chance of winning a grand prize money of INR 2,50,000/-. The top 5 selections will receive Rs 25K each irrespective of getting selected as the final symbol. The jury of examiners would consist of seven members drawn from various organizations in the field of arts, finance, culture, history etc., All we need to do is to come up with a creative symbol(similar to $, €, ¥, £ etc.,) keep the following things in your mind and you could be in the pages of history!
The symbol should
- Represent the historical and cultural prominence of the country.
- Be widely acceptable across the country.
- Be applicable to standard keyboard.
- Be in the Indian National Language Script or a visual representation.
For more details visit finance ministry website and my best wishes are with you! Ensure that your entry reaches the right people latest by 1300 hours on 15th April 2009. Keeping all that aside, what do you feel about the whole episode of coming up with new currency symbol? Do we really need it?