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Showing posts from October 31, 2004

Return to the gold standard

Making the value of one rupee equal to one kilogramme of gold will improve the economy a great deal. The one rupee note will come back and it will not be the miniature copper copper coin it has presently been transformed into. One paisa coin will also come back to life, so will the 10 paisa, 25 paisa and 50 paisa coins.
Presently our currency is deliberately under-valued for the benefit of a few people to the detriment of the majority. Reverting to the gold standard is the best thing which can ever be done. Fixing the value of the one rupee note equal to one kilogramme of gold will benefit the economy of the country.