20世紀初頭のインドにおける銀流通

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  • The circulation of silver in British India, 1901〜1913
  • 20セイキ ショトウ ノ インド ニ オケル ギン リュウツウ

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This paper discusses the role of the government-minted silver rupee (the government rupee) in integrating local currency systems in British India into the gold exchange standard, through the examination of trade and monentary statistics. After the closure of the mint for the free coinage of silver in 1893, the British Government of India attempted to replace silver coins by issuing notes all over India. But many people preferred the coins and were unwilling to accept the notes. In 1900, therefore, the government abandoned the plan and decided to resume production of the government rupee, the value of which was now fixed at 1s. 4d. per rupee. In the early twenties century, long-distance trade came to be increasingly linked to coastal and inland trade, and a vast amount of government rupees penetrated into the hinterland since this was the only currency acceptable to the government rupees. In this way, most local currency systems were incorporated into the gold exchage standard, and therefore into the international gold standard. The circulation of the government rupee, with its value fixed to sterling, made this incorporation possible.

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