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TeachMeFinance.com - explain Enfaced paper historic definition... Enfaced paper -- A term applied to the promissory notes issued by the Government of India (known as rupee pnper) when they bear on their face notification that interest on them can be collected by presenting the notes at the Bank of England in London. The interest is paid in drafts payable in India. These drafts are readily bought by parties having remittances to make to India. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.