THE PROBLEM OF THE RUPEE: ITS ORIGIN AND ITS SOLUTION (History of Indian Currency & Banking)

The Problem of the Rupee by B. R. Ambedkar discusses the origins and solutions to the issues surrounding the Indian currency system. The book delves into the historical background of the exchange standard and its theoretical basis. Ambedkar critiques existing literature on Indian currency and proposes his own solutions to stabilize the rupee. He argues against the exchange standard and advocates for an inconvertible rupee with a fixed limit of issue. The book highlights the historical context of Indian currency reforms and the transformation from a gold standard to a gold exchange standard. Ambedkar''s work challenges prevailing views on currency stability and offers a unique perspective on the Indian monetary system. The book provides a detailed analysis of the currency crisis in India and offers alternative solutions to stabilize the rupee. Through a historical lens Ambedkar presents a comprehensive study of Indian currency from 1800 to 1893 shedding light on overlooked aspects of the monetary system. The book also includes charts and tables illustrating key economic indicators related to Indian currency. Overall The Problem of the Rupee offers a critical examination of the Indian currency system and proposes innovative solutions to address its challenges.