Search results
Results from the WOW.Com Content Network
It was introduced as a replacement for the Indian rupee for circulation exclusively outside the country. [2] Effectively, the common currency area now did not include India. On 6 June 1966, India devalued the Gulf rupee against the Indian rupee. Following the devaluation, several of the states still using the Gulf rupee adopted their own ...
Knife money – Zhou dynasty; Ant nose coin – Chu (state) Ying Yuan – Chu (state) Sycee – Qin dynasty; Ban Liang – Qin dynasty; Spade money – Zhou dynasty, Xin dynasty; Jiaozi (currency) – Song dynasty; Guanzi (currency) – Song dynasty; Huizi (currency) – Southern Song dynasty; Cash – China; Customs gold unit – China
The Indian rupee was not only the currency of India but also the currency of an extended region to its west, which stretched across the Indian Ocean to the east coast of Africa, up through the horn of Africa, through Aden and Muscat in Southern Arabia and Eastern Arabia, and along the Arabian coast of the Persian Gulf, extending even as far ...
When India devalued the rupee in 1966, Qatar, along with the other states using the Gulf rupee, chose to introduce its own currency. [2] Before doing so, Qatar briefly adopted the Saudi riyal, then introduced the Qatar and Dubai riyal following the signing of the Qatar-Dubai Currency Agreement on 21 March 1966. [3] The Saudi riyal was worth 1. ...
The Indian rupee was a silver-based currency during much of the 19th century, which had severe consequences on the standard value of the currency, as stronger economies were on the gold standard. During British rule, and the first decade of independence, the rupee was subdivided into 16 annas .
Orange Free State pond – Orange Free State; Pond Vlaams – Burgundian Netherlands; South African Republic pond – Transvaal; Pound. Alderney pound – Alderney (commemorative, not an independent currency) Anglo-Saxon pound – Anglo-Saxon England; Australian pound – Australia; Bahamian pound – Bahamas; Bermudian pound – Bermuda ...
The Indian rupee remained the de facto currency of the Trucial States as well as the other Persian Gulf states, such as Qatar, Bahrain, Kuwait and Oman, until the Gulf rupee was introduced in 1959. The Gulf rupee was used until the Gulf countries introduced their own currencies after the great devaluation of the rupee. [3]
Oman continued to use the Gulf rupee until 1970, with the government backing the currency at its old peg to the pound, when it adopted the Saidi rial. On 7 May 1970 [ 6 ] [ 7 ] the Saidi rial (named after the House of Al Said , not to be confused with Saudi riyal ) was introduced as the currency of Oman to replace the Gulf rupee .