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Indian contest for rupee symbol: Letz Do it...........
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The Indian finance ministry has begun a public competition to select a design for the symbol of the rupee.
Unlike the major currencies of the world like the dollar, the pound, the yen and the euro, the rupee does not have a globally recognized symbol.
The new symbol would be the "identity of the Indian currency," a finance ministry official told the BBC.
The contest, which closes on 15 April, is open only to resident Indians, a release on the ministry website says.
'Ethos of India'
The rupee is generally shortened to Rs or sometimes the currency is described as INR (Indian rupee).
But, the government says, these are not symbols, they are mere abbreviations for rupee.
To get an internationally-accepted symbol, the finance ministry has invited entries from the public.
"The symbol should represent the historical and cultural ethos of India," the deputy secretary in the finance ministry's coin and currency department, BS Rawat, told the BBC.
"The entries can be in any of the Indian languages. They can even be in English which is also an accepted language of use by the government," Mr Rawat said.
Each entry has to be accompanied by a fee of 500 rupees ($10) and a participant can send a maximum of two entries.
The rules also say that the "symbol should be applicable to the standard [computer] keyboard".
Officials say the winning entry will be chosen by a seven-member jury of experts drawn from various art institutes, the government and India's central bank, the Reserve Bank of India.
Five shortlisted entries for the final selection will be awarded a prize of 25,000 rupees ($500) and the winner will take 250,000 rupees ($5,000).
"The final selected symbol will become the property of the government and the designer will have no rights over it any more," Mr Rawat said.
Experts say implementing a new currency symbol can be an expensive exercise.
According to one estimate, when the euro was introduced in 1999 it cost Europe's biggest companies more than $50bn to update their computer systems to deal with the changeover.
"We have not thought about the costs yet," Mr Rawat said. "First, we'll select a symbol and then we'll do the costing," he added.
The contest closes on 15 April at 1300 local time (0730G).
This PDF form from the Ministry of Finance has full details of the competition. The currency symbol should be applicable to the standard computer keyboard and must also represent the historical and cultural ethos of the country as widely accepted across the country.
Comments[ 25 ]
I can suggest good symbol which is adhering all the rules as mentioned in contest. Symbol is |~
Its simple and can be typed from keyboard. This symbol somehow represents “Fluttering and waving Flag” like Indian Flag representing glory of India.
You are sure that this is not a fake news/ rumor, right?
Good news for artist and visusalizer.
thats nice man
thanks for the information and yes i agree with poonam.
Web Designer Mumbai
i don't agree with poonam beacause
there is no right place of national flag.so i suggest to you that flag always keep top instead of center.plz mind it.
i agree with poonam. gr8 post
nice post to share your opinion, creative people should participate this contents...
Trust our Government to take a half-baked approach to things, without even considering the costs involved for implementing such an exercise...
I heard by my friend. but Rs. 500/- for entry fees is not good approached by the government.
Bank draft of Rs. 500 with entries!! LOL! Still then, many will send entries for the competition!
The final five entries to get Rs. 25K each and final Rs. 2,50,000/- Looks like Govt. will collect this amount with the entries only, huh?
Like rest of the comments, even I cant understand that how do I restrict my imagination to keyboard keys. Govt shud explain this and in fact Govt shud change this clause. Otherwise wats d point of designing.
I agree with arvinder he is right.why should our symbol stop at the keyboard,when it can be designed.otherwise whats the point in designing it
I agree with arvinder ,he is right.why shold our symbol stop at the keyboard,when it can be designed by our hands.otherwise whats the point in designing it? [the above person itself]
Hi can anyone tell me what does 4 point font size mean??
http://samirshomepage.wordpress.com/2009/04/16/my-entry-for-rupee-symbol-design-contest/
My symbol is in the link below:
http://img9.imageshack.us/img9/2944/inrsymbol.gif
You will find whatever, you suggested as part of it, and many more like Swastika symbol, King’s face used in ancient currencies, Ashok Chakra, Number 0, letters e.g, R,S,P,U,E,I etc. even र or रु, holy signs like sacred kalash and also the sign of stability along with its negotiation with foriegn currencies with the use of horizontal bar having two open arms facing upward & downward to keep up with market fluctuation and finally as a whole visual representation of an emperor with one sword facing upward in right hand to fight enemies and the other one in left hand facing downward to hole peace in his country but yet it is so simple!
I think it’s not at all complicated as it consists of 1 P, 1 O and 1 horizontal S. It is a three Stroke symbol, whereas $, £ are two stroke symbols and €, ¥ are of three strokes.
Even, this symbol can be written in a single stroke by starting from the downside of P , followed by the O in anti-clockwise direction and finally the horizontal S. Moreover, the pattern is so unique that ambiguity will never arise with other letters/ currencies/numbers even if written carelessly or in too hurry.
here is my art peace for Indian rupee symbol
http://mewool.wordpress.com/2009/04/21/my-art-peace-for-indian-rupee-symbol/
Here is my design for Indian Rupee http://samirshomepage.wordpress.com/2009/04/16/my-entry-for-rupee-symbol-design-contest
— Samir
check out this link to understand why it sas called a 'DESIGN COMPETITION' and not an art competition
http://www.dosomethinq.com/blog/2009/03/17/a-symbolic-change-or-more/
:) mik dodu
Please refer to the link below:
http://www.indiarupeesymboldesign.x10hosting.com/index.php?p=1_5_Soumen-s-India-Rupee-Symbol-Design
My India Rupee Symbol Design link is below:
http://indiarupeesymbolsoumendas.wordpress.com/2009/09/01/india-rupee-symbol-design-by-soumen-das/
hey,when is the next proceeding? as the list is already out and I haven't got any mail regarding it..
nice post. thanks.
What a great resource!
1. Hindustan Times reported about “Indian Rupee Design Scam”
Hindustan Times Hindi- Lucknow 18 March
http://img718.imageshack.us/img718/2905/18sec.jpg
Hindustan Times Hindi- Lucknow 19 March
http://img233.yfrog.com/i/19marhindustan.jpg/
2. The Economic Times Hindi New Delhi 22-03-10
http://img138.yfrog.com/i/22032010016.jpg/
3. 3- The Economic Times English New Delhi 22-03-10
http://epaper.timesofindia.com/Repository/ml.asp?Ref=RVRELzIwMTAvMDMvMjIjQXIwMTEwNg==&Mode=HTML&Locale=english-skin-custom
http://www.youtube.com/watch?v=G7A3vuwpbuU
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