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When the Mughals turned to demonetisation
Rediff.com

When the Mughals turned to demonetisation

It's five months after 8/11.But this is not the first time that India's currency of the time faced the axe.The Mughals, after invading a territory, would effect the demonetisation of the local currency with the aim to cripple the economy of the land.Prakash Bhandari flips through the pages of history to the times when currency was declared defunct overnight.Illustration: Uttam Ghosh/Rediff.com The Indian rupee, which draws its name from the Sanskrit word rupyakam, has been at the centre of ... Rediff.com, 2 weeks ago

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