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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Busy Jan. to Aug. to Nov. to Feb. to April Feb. to
March Nov. April April to June July
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Slack April to Dec. to May to May to July to April to
Dec. July Oct. Aug. Sept. Dec.
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Busy — — — Sept. to Oct. to —
Nov. March
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Jan.
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¹²³ The rate of discount of the Bank of Bengal for private paper
running thirty days and after was altered—
In 1876 16 times, with 6½ per cent. as minimum and 13½ per cent.
as maximum.
In 1877 21 times, with 7½ per cent. as minimum and 14½ per cent.
as maximum.
In 1878 10 times, with 5½ per cent. as minimum and 11½ per cent.
as maximum.
In 1879 15 times, with 6½ per cent. as minimum and 11½ per cent.
as maximum.
In 1880 8 times, with 5½ per cent. as minimum and 9½ per cent.
as maximum.
In 1881 9 times, with 5½ per cent. as minimum and 10½ per cent.
as maximum.
In 1882 9 times, with 6½ per cent. as minimum and 12½ per cent.
as maximum.
In 1883 14 times, with 7½ per cent. as minimum and 10½ per cent.
as maximum.
(_Van Den Berg, loc. cit._)
Public-domain text, read in full here on John Shaqi.
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