How much is 50 Apaxmai Nenthkonta of 1978 Paper Bill worth in Indian Rupees?

I have a paper bill with apaxmai nenthkonta written on it (looks like greek currency to me). it is 50. How much could it be worth in Indian Rupees or American Dollar??

4 Answers

  • F. Frederick Skitty
    10 hours ago

    If it still has value (It probably doesn’t, since Greece switched to the Euro in 2002), it would have a face value of US$0.21 (not quite 10 Indian rupees). It is worth around US$1.00 as a collectible.

  • Anonymous
    5 days ago

    Indian Rupee is now one of the worst performing currencies in the world. The rupee’s decline is based on the expectation dollar demand will remain strong due to worries over the euro zone debt crisis. The Reserve Bank of India has, so far, responded to the depreciating rupee with minimal intervention in the market. One of the reasons is that country’s foreign exchange reserves of $300+ billion may not be enough to defend the rupee, especially when the intervention comes as a reaction to global factors. While exporting industries such as information technology, gems and jewelry, and textiles will be happy, consumers are likely to suffer. The higher cost of imported inputs across a range of products will cause an increase in their end prices, especially in the case of fuels. The reasons for this downfall are many. India’s growing trade deficit, global slowdown and global investors’ preference for gold and US$ for safe investments, poor returns from Indian stock market (BSE Sensex lost close to 25% in 2011) are some of the reasons for this downfall. To reverse this trend, India needs to put some key strategies so that the demand for Indian Rupee increases in the forex market. These strategies will take longer term to take effects and are good for the overall economy in the coming years. Some of the probable strategies are: increase export, reduce import, reduce external borrowings.

  • Anja
    5 days ago

    50 ΔΡΑΧΜΑΙ ΠΕΝΗΚΟΝΤΑ of 1978 is collectable pronounced “Drachme Penikonta” in 1978 it had a good value I believe some people would work for a month to get a wage of 50 drachmas (but I am not very sure)

  • Kowondra
    6 days ago

    how much is 500,000 apaxmai nenthkonta of 1944 worth in USA

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Answers