Indian Currency and Finance: Chapter VI

Written by johnmaynardkeynes | Published 2022/06/14
Tech Story Tags: social-science | finance | hackernoon-books | project-gutenberg | books | john-maynard-keynes | ebooks | indian-currency-and-finance

TLDR1. The Indian authorities have undertaken a double responsibility. They must be prepared to supply rupees in payment for Council Bills or in exchange for sovereigns. And on the other hand they must be prepared also to supply sterling or sterling drafts in exchange for rupees. The maintenance of the Indian system depends on their ability to fulfil this double obligation to whatever extent may be required of them.via the TL;DR App
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Written by johnmaynardkeynes | Indian Currency and Finance
Published by HackerNoon on 2022/06/14
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