Developing Economies

The Rupee Will Get Its Own Symbol. Eventually.

rupee symbol

One of these will be the new symbol for the rupee. Times of India hide caption

itoggle caption Times of India

A while back, India's government decided the country's currency needed its own symbol — so it could stand proudly alongside the $, ¥, £ and €.

But coming up with a symbol is taking a while.

The government announced a contest to create the symbol in February of '09, with an entry deadline of April 15th of last year. In December, the government published a list of five finalists.

The cabinet was supposed to choose the winner last week, but the Finance Minister asked for more time to review the finalists, according to the Times of India.

For more on India's bureaucracy: Listen to our podcast, 'In Search Of The Red Tape Factory'

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