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From The Past Pages Of Dawn: 1949: Seventy-five years ago: Indian devaluation
字号+ Author: Source:Sport 2025-01-16 06:04:44 I want to comment(0)
KARACHI: The Government of Pakistan, it was reliably learned on Thursday [Sept 22], are sending a st
KARACHI: The Government of Pakistan, it was reliably learned on Thursday [Sept 22], are sending a strongly worded note to the Government of India protesting against their unilateral decision to devalue the Indian rupee. Under the Indo-Pakistan Payments Agreement, it will be recalled neither of the contracting parties could effect a change in her currency ration without previously consulting the other party. Financial circles ... blamed India for the “tricky” situation... . It was generally felt that [India’s] attitude had been prompted more by politics than by a clear and dispassionate conception of the changed economic situation. It was pointed out that India’s stand was untenable with economic facts. — News agencies [Meanwhile, according to news agencies from London,] The Chinese Communist radio, in a recent broadcast from Peiping ... resumed its charge that the United States, Britain and India were conspiring to annex Tibet. ... It alleged that the “expelling of the Han people and the Han lamas and the closing down of Han schools by the Tibetan authorities on July 28 lay bare an international plot.
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