May 1 - President of IndiaRajendra Prasad gave assent for Reserve Bank of India (Amendment) Act 1959 which created provision for introduction of External Rupee (Gulf Rupee and Hajj Rupee) for using as tender in Trucial States, Oman, Qatar etc. The move is meant to curb the misuse of Indian rupee by gold smugglers.[5]
This page is based on this Wikipedia article Text is available under the CC BY-SA 4.0 license; additional terms may apply. Images, videos and audio are available under their respective licenses.