East African shillingThe East African shilling was the sterling unit of account in British-controlled areas of East Africa from 1921 until 1969. It was issued by the East African Currency Board. It is also the proposed name for a common currency that the East African Community plans to introduce. The shilling was divided into 100 cents, and twenty shillings were 1 pound. Unlike elsewhere in the possessions of the British Empire that used the sterling, in British East Africa the shilling instead of the pound was the primary unit of account, with the pound being a superunit mainly used for recording very large sums of money that would be inconvenient if quoted solely in shillings.
Famine in IndiaFamine had been a recurrent feature of life in the South Asian subcontinent countries of India and Bangladesh, most notoriously under British rule. Famines in India resulted in more than 30 million deaths over the course of the 18th, 19th, and early 20th centuries. Famines in British India were severe enough to have a substantial impact on the long-term population growth of the country in the 19th and early 20th centuries. Indian agriculture is heavily dependent on climate: a favorable southwest summer monsoon is critical in securing water for irrigating crops.
Aden ProtectorateThe Aden Protectorate (محمية عدن ) was a British protectorate in South Arabia which evolved in the hinterland of the port of Aden and in the Hadhramaut following the conquest of Aden by the Bombay Presidency of British India in 1839, and which continued until the 1960s. In 1940, it was divided for administrative purposes into the Western Protectorate and the Eastern Protectorate. Today, the territory forms part of the Republic of Yemen.
Indian rupee signThe Indian rupee sign (₹) is the currency symbol for the Indian rupee (ISO 4217: INR), the official currency of India. Designed by D. Udaya Kumar, it was presented to the public by the Government of India on 15 July 2010, following its selection through an open competition among Indian residents. Before its adoption, the most commonly used symbols for the rupee were Rs, Re or, in texts in Indian languages, an appropriate abbreviation in the language used.
History of the rupeeThe history of the rupee traces back to ancient Indian subcontinent. The mention of rūpya by Pāṇini is seemingly the earliest reference in a text about coins. The term in Indian subcontinent was used for referring to a coin. The word "rupee" is derived from a Sanskrit word "rūpya", which means "wrought silver", and maybe also something stamped with an image or a coin. As an adjective it means "shapely", with a more specific meaning of "stamped, impressed", whence "coin". It is derived from the noun rūpa "shape, likeness, image".
Managed float regimeManaged float regime is an international financial environment in which exchange rates fluctuate from day to day, but central banks attempt to influence their countries' exchange rates by buying and selling currencies to maintain a certain range. The peg used is known as a crawling peg. In an increasingly integrated world economy, the currency rates impact any given country's economy through the trade balance. In this aspect, almost all currencies are managed since central banks or governments intervene to influence the value of their currencies.
