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
[pg 224] Not only did the Government sell reverse councils on a large
scale, but it also sold gold for rupees for internal circulation, a
thing which it seldom did before.
_III. Redemption in 1920_
_TABLE XLVIII_
_Sale of Gold_
────────────────────────────────────────────────────────────────────────────────────────
No. Date of Minimum Rate Average Rate Quantity Price of
of Sale. of accepted of accepted sold Country Bar
Sale. Tenders. Tenders. (in Gold in the
Tolas). Bombay
Bazaar.
────────────────────────────────────────────────────────────────────────────────────────
Rs. A. P. Rs. A. P. Rs. A. P.
────────────────────────────────────────────────────────────────────────────────────────
1 1919, September 25 8 0 26 12 1 3,29,130 28 10 0
3
────────────────────────────────────────────────────────────────────────────────────────
2 September 24 8 0 24 10 0 3,96,640 26 1 0
17
────────────────────────────────────────────────────────────────────────────────────────
3 October 6 25 8 0 25 9 8 3,26,000 27 0 0
────────────────────────────────────────────────────────────────────────────────────────
4 October 26 15 3 27 0 2 3,34,000 28 0 0
20
────────────────────────────────────────────────────────────────────────────────────────
5 November 27 14 6 27 15 6 3,25,000 28 5 0
3
────────────────────────────────────────────────────────────────────────────────────────
6 November 26 15 0 27 0 11 5,18,500 28 2 0
17
────────────────────────────────────────────────────────────────────────────────────────
7 December 26 0 6 26 4 6 10,00,650 27 10 0
8
────────────────────────────────────────────────────────────────────────────────────────
8 1920. January 5 26 4 3 26 7 9 7,63,300 27 3 0
────────────────────────────────────────────────────────────────────────────────────────
9 January 26 13 3 26 14 7 8,00,000 27 5 0
19
────────────────────────────────────────────────────────────────────────────────────────
10 February 25 2 3 25 9 7 7,56,450 25 6 0
5
────────────────────────────────────────────────────────────────────────────────────────
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