About: Indian Currency Committee

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The Indian Currency Committee or Fowler Committee was a government committee appointed by the British-run Government of India on 29 April 1898 to examine the currency situation in India. Until 1892, silver was the metal on which Indian currency and coinage had largely been based. In 1892, the Government of India announced its intent to "close Indian mints to silver" and, in 1893, it brought this policy into force. The committee recommended that the official Indian rupee be based on the gold standard and the official exchange rate of the rupee be established at 15 rupees per British sovereign, or 1 shilling and 4 pence per rupee. The British Imperial Government accepted the recommendations of the commission in July 1899.

Attributes	Values
rdf:type	Thing yago:WikicatCurrenciesOfIndia yago:Abstraction100002137 yago:Currency113385913 yago:Measure100033615 yago:MediumOfExchange113372961 village yago:Standard107260623 yago:SystemOfMeasurement113577171
rdfs:label	Indian Currency Committee (en)
rdfs:comment	The Indian Currency Committee or Fowler Committee was a government committee appointed by the British-run Government of India on 29 April 1898 to examine the currency situation in India. Until 1892, silver was the metal on which Indian currency and coinage had largely been based. In 1892, the Government of India announced its intent to "close Indian mints to silver" and, in 1893, it brought this policy into force. The committee recommended that the official Indian rupee be based on the gold standard and the official exchange rate of the rupee be established at 15 rupees per British sovereign, or 1 shilling and 4 pence per rupee. The British Imperial Government accepted the recommendations of the commission in July 1899. (en)
differentFrom	Fowler Commission
dcterms:subject	Rupee 1898 in India Gold standard Economic history of India Currencies of India
Wikipage page ID	26874870 (xsd:integer)
Wikipage revision ID	999392249 (xsd:integer)
Link from a Wikipage to another Wikipage	Silver standard Gold standard Rupee 1898 in India Pence Gold standard British Empire British Raj Economic history of India Currencies of India Henry Fowler, 1st Viscount Wolverhampton Sovereign (British coin) Shilling
sameAs	Indian Currency Committee Indian Currency Committee Indian Currency Committee Indian Currency Committee Indian Currency Committee
dbp:wikiPageUsesTemplate	dbt:India-gov-stub dbt:Reflist dbt:Use_Indian_English dbt:Use_dmy_dates dbt:Distinguish-redirect
has abstract	The Indian Currency Committee or Fowler Committee was a government committee appointed by the British-run Government of India on 29 April 1898 to examine the currency situation in India. Until 1892, silver was the metal on which Indian currency and coinage had largely been based. In 1892, the Government of India announced its intent to "close Indian mints to silver" and, in 1893, it brought this policy into force. The committee recommended that the official Indian rupee be based on the gold standard and the official exchange rate of the rupee be established at 15 rupees per British sovereign, or 1 shilling and 4 pence per rupee. The British Imperial Government accepted the recommendations of the commission in July 1899. The action of the government in abandoning silver coinage was driven by the relative decline of the value of silver against gold, which had led to an accompanying decline of the rupee against gold and gold-based currencies (such as the British sovereign). India had been importing about a quarter of the annual global production of silver, in part to meet its currency issuing requirements. Some commentators noted that silver was gradually being globally discarded as a basis of currency, with only three main remaining supporters: Mexico (a major producer of silver), the United States, and India. With India's move to the gold standard, the silver standard lost a significant supporter. (en)
gold:hypernym	Committee
prov:wasDerivedFrom	wikipedia-en:Indian_Currency_Committee?oldid=999392249&ns=0
page length (characters) of wiki page	4886 (xsd:nonNegativeInteger)
foaf:isPrimaryTopicOf	wikipedia-en:Indian_Currency_Committee
is Link from a Wikipage to another Wikipage of	Alfred Dent Silver standard Henry Waterfield William Holland, 1st Baron Rotherham Indian rupee Fowler Committee The Gold (Control) Act, 1968 Indian Currency Committee (Fowler Committee)
is Wikipage redirect of	Fowler Committee Indian Currency Committee (Fowler Committee)
is foaf:primaryTopic of	wikipedia-en:Indian_Currency_Committee

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