In 1866 we held only a much smaller sum of foreign money, but that smaller sum

For the first forty years of their existence the Government notes, though always of growing importance, took a very minor place in the currency system of the country. Adie, on the other hand (which refer to the _total_ circulation), point to a more moderate influx out of hoards into current use. ‘Now this is distinctly saying that the other banks of the country need not keep any such banking reserve–any such sum of actual cash–of real sovereigns and bank notes, as will help them through a sudden panic. It had at that time no branches, and so it did not compete for the country circulation. 2 on Exchequer bills, he, for the most part, cannot pay No. 12. The considerations which originally gave rise to them are no longer operative;—since the introduction of the Gold Standard, for example, dealing in foreign exchange has ceased to be a highly speculative business.

The actual figures are as follows:— ESTIMATE OF THE RUPEE CURRENCY IN CRORES (10,000,000) OF RUPEES ┌——────——┬—————─────–┬———──────———┬———──────———┬————───────———┐ │ │ Harrison.

Laisser un commentaire

Votre adresse e-mail ne sera pas publiée. Les champs obligatoires sont indiqués avec *