Hizb ut Tahrir / Wilayah Pakistan Issues Policy Paper on Inflation Only the Khilafah will Eliminate the Menace of Ever-rising Inflation
- Published in Pakistan
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Like other currencies, the Dollar, the Pound and the Franc, originally, the Rupee was backed by real tangible wealth in the form of a precious metal. In the case of the Dollar, it was gold, in the case of the Rupee it was silver. This system stabilized the value of the monetary unit both internally within the country and externally in international trade. The evidence for this was that the…
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