Image: For more than 25 years, the SS Egypt had sailed the long route between Europe and India
An extraordinary tale of steamship Egypt and the lost banknotes of the princely state of Hyderabad
By Rezwan Razack
On a foggy evening in May 1922, somewhere in the grey waters of the Atlantic Ocean, a tragedy unfolded that would echo through maritime and numismatic history for decades. It involved a luxury passenger liner, a cargo of precious metals worth a fortune, and thousands of Indian banknotes that would spend ten long years at the bottom of the sea. When they were finally recovered, these fragile pieces of paper, once destined to circulate in the Princely State of Hyderabad, would emerge as some of the most unusual banknotes ever known. They would come to be remembered simply as the Hyderabad’s sea-sunk notes from the SS Egypt.
Read the full article on The New Indian Express:
https://www.newindianexpress.com/magazine/2026/Apr/05/the-banknotes-that-slept-beneath-the-sea
