The Problem of the Rupee, Its Origin and Its SolutionAmbedkar, B. R. (Bhimrao Ramji)
History
The Problem of the Rupee, Its Origin and Its Solution
Ambedkar, B. R. (Bhimrao Ramji)
Currency question -- India
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1920. 1921. 1922.
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Price Price of Price of Price Price of Price
of Bar Gold British of Bar British of Bar
British per Tola Sovereigns. Gold Sovereigns. Gold
Sovereigns 100 touch. per per
Months. Tola Tola
100 100
touch touch
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Par 10 Rs Par Rs Par 10 Rs = Par Rs Par 10 Rs = Par Rs
= 1 Sov. 15–14–10 = 1 Sov. 15–14–10 1 Sov. 15–14–10
1 Tola = 1 = 1
Tola Tola
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Rs. A. Rs. A. P. Rs. A. P. Rs. A. Rs. A. P.
P. P.
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January Nominal 28 0 0 Nominal 17 14 0
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February Nominal 22 0 0 Nominal 17 14 0
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March Nominal 24 0 0 Nominal 17 14 0
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April Nominal 24 8 0 18 12 0 —
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May Nominal 22 12 0 19 0 0 —
──────────────────────────────────────────────────────── Official ───────────────── Official
June Nominal 22 4 0 19 12 0 figures — figures
──────────────────────────────────────────────────────── not yet ───────────────── not yet
July Nominal 23 0 0 20 9 0 published. — published.
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August Nominal 21 8 0 20 9 0 —
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