A hundred years ago | The Indian currency league
This article provides a historical account of a 1926 public meeting in Poona regarding the Indian Currency League's opposition to the Currency Commission's rupee exchange rate recommendations. It details the prominent figures who spoke at the event to advocate for a specific monetary policy.
Why it matters
It serves as a historical record of India's economic discourse during the colonial era, illustrating early debates on national monetary policy.
Poona, October 12: The Indian Currency League, recently formed, opened their campaign this evening of educating public opinion in favour of 1sh 4d. ratio and against 1sh. 6d. per rupee recommended by the Currency Commission. Sir Purshotamdas, Sir Victor Sassoon, Messrs B.F. Madon, Jamnadas Dwarkadas and Professor Kale addressed the first public meeting held under the League’s auspices with Mr. N.C. Kelkar in the chair.
Published - October 13, 2026 02:20 am IST
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