Why British economic policy is called drain of wealth
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The actual transfer of money took place through the sale of “Council Bills“, which were sold in London in sterling to purchasers of Indian goods who received Indian rupees in exchange. This caused drain of wealth.
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The actual transfer of money took place through the sale of “Council Bills“, which were sold in London in sterling to purchasers of Indian goods who received Indian rupees in exchange. This caused drain of wealth.
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