Abstract
Official gold sales in the Middle East for the express purpose of combating inflation were inaugurated in Iran in June 1943; in Iraq, Palestine, Trans-Jordan, Syria, and the Lebanon in August 1943; and in Egypt in November I943. Official sales were discontinued in June 1944 in all of the above countries with the exception of Iran where they were continued into the fall of I944. Official gold sales in Bombay, India, began in August 1943 and were continued until April I945.2 Just how effective gold sales in the Middle East and India have been is difficult to determine. Nowhere have the proceeds from such sales accounted for more than a fraction of the
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
