Older currency symbols have evolved slowly, often from previous currencies. The dollar and peso symbols originated from the mark employed to denote the Spanish real de a ocho, whereas the pound and lira symbols evolved from an L standing for libra, a Roman pound of silver. Newly invented currencies and currencies adopting new symbols have symbolism closer to their adopter. The added center bar in the real sign is meant to symbolize stability. In 2009, India launched a public competition to replace the ₨ ligature (rupees) that it shared with neighbouring countries. It finalised its new currency symbol, ₹ (₹) on 15 July 2010. It is a blend of the Latin letter ‘R’ with the Devanagari letter ‘र’ (ra).

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