Everybody knows why the dollars represented by $. Or at least they think they know. Because of the Roman sestertius (think Asterix),say some firmly,pointing out that if the coins
Roman abbreviation HS were pushed together,it would look like $. Mere fetishising of the Romans,say others: no,its because the Greek god of healers and bankers,Hermes,carried a caduceus,a staff with an entwined snake,still visible on some medical crests. Absurd classicist mumbo-jumbo,say yet others: all know that it comes from the Spanish coins pieces of eight (think Treasure Island),represented by a vertical slash through the letter 8. And,of course,conspiracy theorists insist that it is because of the Templars,freemasons and the pillars of the Temple of Solomon,but nobody listens to them but Dan Brown and Nicolas Cage.
Still,thats how successful symbols evolve in mystery. £ and ¥ have similar histories. Which lends to the Indian finance ministrys announcement that the princely sum of 2.5 lakh will go to the designer of a rupee symbol a touch of strangeness. Yes,its true that ,the euros symbol,was born of a competition but,in the end,it was incredibly predictable: from the initial e and two horizontal lines for stability a hopeful indicator common to several currency symbols. A similar combination won the Ukrainian contest. The strangeness doesnt decrease when the actual competition rules are read: the symbol must represent the historical and cultural ethos of the country as widely accepted across the country,a tall order for something that is,basically,a single modified letter. Oh,and it should be in the Indian National Language Script, whichever that might be.
The fear is that this might degenerate into farce. Consider Russias decade-long search for a symbol for the rouble,which featured various unofficial symbols and a decision to test-drive thirteen different variations. (Cynics might claim that the main reason for this confusion was that they couldnt decide whether the first letter of the word rouble should be in Cyrillic or Roman script before they put the Double Bars of Stability through it.) All moot,anyway perhaps: the ultimate authority,Microsoft Word,already lists unicode decimal 8360 an R and a p joined together,as they were on old Indian-made typewriters as the rupee symbol. Whats a government competition compared to that?