1 dollar was equal to 1 dollar in 1947? Learn the truth of this claim

by Banty Sharma News Suk - See Here latest Trending Topic, Tech Ne

(Hindi Me Health): When the current Prime Minister Narendra Modi was in the opposition, he had a tweet. He claimed in this tweet that at the time of Independence, ie August 15, 1947, 1 rupee was equivalent to 1 rupee.


In July 2013, as a BJP leader, PM Narendra Modi tweeted this. Once again, a fall in rupee has started. Today the rupee has again reached the level of 69 rupees against the dollar. In such a case, once again, the claim of 1 rupee 1 dollar is being discussed. But was it really so?


At first there is no data to confirm this claim. Secondly, from the time of independence to the year 1966, the value of the Indian rupee was not valued as compared to the British pound.


On behalf of the Center for Civil Society, a paper has been prepared on the devaluation of the currency (reducing the value of currency). According to this paper, the British currency was divalued in 1949. After this, in 1966, the value of Indian currency i.e. rupee was pegged against US dollar. In the meantime, after the devaluation, the rupee had reached level of 7.50 against the dollar.


1 rupee was equal to 1 rupee in 1947. It is not possible to believe this claim because when India became independent in 1947, it did not take any loans from other countries. The trade was also not equal. In such a case, it is not enough that one rupee is equal to 1 dollar.


Thirdly, which proves this claim to be false. That is, India's growth rate was 0.8 percent in 1947. In such a situation, it is not possible to keep the Indian rupee equivalent to the dollar.


These are some facts that present proof of this claim being fake. However, the present scenario should be maintained at this time for how long the rupee is consistent against the dollar.

Sponsor Ads

About Banty Sharma Junior   News Suk - See Here latest Trending Topic, Tech Ne

0 connections, 0 recommendations, 9 honor points.
Joined APSense since, October 20th, 2018, From New Delhi, India.

Created on Nov 7th 2018 12:27. Viewed 568 times.


No comment, be the first to comment.
Please sign in before you comment.