Indian Finance and Banking (Classic Reprint)
| Preis: | 22.95 EUR* (inkl. MWST zzgl. Versand - Preis kann jetzt höher sein!) |
| Versand: | 0.00 EUR Versandkostenfrei innerhalb von Deutschland |
| Partner: | buecher.de |
| Hersteller: | Forgotten Books (Shirras, G. Findlay) |
| Stand: | 2015-08-04 03:50:33 |
Produktbeschreibung
Excerpt from Indian Finance and Banking In the third impression, which follows closely on the second, an extract from the Babington-Smith Committee´s Report has been added byway of an appendix. This is unmistakably the kernel of that able Report. It deals with the linking of the rupee to gold in place of to sterling. The rupee is now fixed in relation to gold (the sovereign), and fluctuates in terms of sterling so long as sterling fluctuates in terms of gold. At the present time the sovereign (gold) is at a premium of almost 30 per cent as compared with the pound sterling (paper). It is hoped that the day is not very far distant when the sovereign and sterling will again be convertible. Then, but not till then, will the fluctuations of the rupee-sterling exchange cease. The advantages that accrue to a country linked to gold instead of to sterling (which is a depreciated currency) are obvious, especially in regard to the prevention of inflated prices which are associated with an inflated currency. In the case of India such advantages can scarcely be over-emphasised. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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