Delinking ‘the two rupees’: The devaluation dilemma and economic divergence in the decolonized subcontinent, September 1949–February 1951

By looking at the September 1949 dilemma on devaluation faced by the governments of Pakistan (and India), this article argues that it was an early episode of divergence between them following partition. The reasons for Pakistan to not devalue when India did so, have remained largely obscured in hist...

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Bibliographic Details
Main Author: Rakesh Ankit
Format: Default Article
Published: 2023
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