|
One of the curiosities of Note issue history is that the Reserve Bank of India issued
notes that were not legal tender in India. Rangoon, the capital of Burma, was one
of the original currency circles of the Office of the Controller of Currency. Burma
separated from India in 1938; however, the Reserve Bank of India acted as Banker
to the Government of Burma and was responsible for note issue in terms of the Burma
Monetary Arrangements Order, 1937. In May 1938 the Bank issued distinctive Burma
notes which were not legal tender in India. June 1942 saw the occupation of Burma
by Japanese which lasted till 1945. Thereafter, monetary matters were looked after
by the British Military Administration of Burma. The Reserve Bank recommenced its
Rangoon Office in 1945 and carried on functioning as banker to the Government of
Burma till April 1, 1947.
Reserve Bank of India, Rangoon Office
Notes issued by Reserve Bank of India for Burma
|