Gulf rupee

GULF RUPEE, a currency used in the countries of the Persian Gulf and the Arabian Peninsula between 1959 and 1966. It was issued by the Government of India and the Reserve Bank of India and was equivalent to the Indian rupee.

The Gulf rupee was introduced by the Indian government in 1959 as a replacement for the Indian rupee, for circulation exclusively outside the country. At the time, the Indian rupee was pegged to the British pound at a rate of 13⅓ rupees = 1 pound. On 6 June 1966, India devalued the rupee. To avoid following this devaluation, several of the countries using the rupee adopted their own currencies.

Fact Source: Wiki, my musings starts now.....


We had huge economic influence in the Gulf which our Indian govt's happily lost.... and now we try to find ways to build our foreign reserves of dollars to pay our oil import bills .... PATHETIC is all that i can think about our past political leaderships..

and i really don't understand how our people still believe/ credit our yesteryear national leaders/political parties inspite of the extreme poor leadership that they have showcased.......

if this is whats happened, our media channels are either asleep or slaves to political class.... some efforts from the fourth pillar can definitely enlighten our masses who are asleep intellectually on the country's real history.... rather than covering some club like money oriented matches, actor attires and the varied scams that i lost count of...

i am inquisitive to know the real history of India after independence and its corrupt spearheads.....

i strongly feel the school textbook history that we were educated on itself is a big scam....

-SGN