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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Currency in Circulation, Index Number Index Number
Rupees + Notes. of Prices in of Prices in
Years. ──────────────────────────── India England
Amount in Index Number
Crores of 1913 = 100. 1913 = 100.
Rs. 1913 = 100.
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(1) (2) (3) (4) (5)
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1915 266 104 112 127·1
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1916 297 116 125 159·5
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1917 338 132 142 206·1
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1918 407 155 178 226·5
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1919 463 180 200 241·9
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1920 411 160 209 295·3
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1921 393 114 183 182·4
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³¹⁶ Index numbers of prices are taken from the League of Nations
_Memorandum on Currency_, 1913–1921, 2nd Ed. (1922), Table VIII.
Figures for circulation are taken from H. S. Jevons’ _The Future
of Exchange and Indian Currency_, 1922, p. 44. Index numbers of
circulation are calculated.
Public-domain text, read in full here on John Shaqi.
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