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Indian Currency and Finance

Note 45 — Chapter IV

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At present notes can be issued by currency offices, but only to treasuries on the requisition of the Comptroller–General, in exchange for gold bullion at the rate of 1 rupee for 7·53344 grains troy of fine gold. Since April 1, 1907, the receipt at the Indian Mints of gold bullion and gold coins other than sovereigns and half–sovereigns has, in fact, been stopped by Government of India Notification.

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