The Java Bank = De Javasche Bank : a Short Description of Its Organisation, Operations And General Policy / Supplemented By Some Notes On the Monetary System of Netherlands India
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It may be worth while remembering in passing that since 1875, when the great fall in the price of silver set in, exchange rates have not fluctuated more than 2Y2 or 3 percent. The wise action of the then Government in establishing the currency of the Colony on the same gold basis as that of the Mother Country, (enacted by the law of 28^^ March 1877) thus spared the Dutch East Indies the disturbance in money and exchange matters which has caused so much inconvenience and loss in British India.
M...ETHOD OF In explanation of the above quotations it QUOTING FOREIGN should be noted that the method of quoting EXCHANGE RATES. Dutch exchange is quite the reverse of that adopted for Sterling exchange. For the latter the Indian currency is the fluctuating factor, the quotation consisting of a varying number of guilders and cents to be paid for the Pound Sterling. In the exchange between Batavia and Amsterdam, on the other hand, the latter place gives the fluctuating factor, a quotation of 101. meaning that / 100.
What to read after The Java Bank = De Javasche Bank : a Short Description of Its Organisation, Operations And General Policy / Supplemented By Some Notes On the Monetary System of Netherlands India?
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To quickly assess the difficulty of the text, read a short excerpt:
It may be worth while remembering in passing that since 1875, when the great fall in the price of silver set in, exchange rates have not fluctuated more than 2Y2 or 3 percent. The wise action of the then Government in establishing the currency of the Colony on the same gold basis as that of the Mother Country, (enacted by the law of 28^^ March 1877) thus spared the Dutch East Indies the disturbance in money and exchange matters which has caused so much inconvenience and loss in British India.
M...ETHOD OF In explanation of the above quotations it QUOTING FOREIGN should be noted that the method of quoting EXCHANGE RATES. Dutch exchange is quite the reverse of that adopted for Sterling exchange. For the latter the Indian currency is the fluctuating factor, the quotation consisting of a varying number of guilders and cents to be paid for the Pound Sterling. In the exchange between Batavia and Amsterdam, on the other hand, the latter place gives the fluctuating factor, a quotation of 101. meaning that / 100.
What to read after The Java Bank = De Javasche Bank : a Short Description of Its Organisation, Operations And General Policy / Supplemented By Some Notes On the Monetary System of Netherlands India?
You can find similar books in the "Read Also" column, or choose other free books by Javasche Bank to read onlineMoreLess
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