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Coll 30/224 'Currency Arrangements in the Arab Sheikhdoms of the Persian Gulf.' [‎22r] (50/620)

The record is made up of 1 file, in 2 parts (302 folios). It was created in 4 Mar 1947-29 Sep 1948. It was written in English. The original is part of the British Library: India Office The department of the British Government to which the Government of India reported between 1858 and 1947. The successor to the Court of Directors. Records and Private Papers Documents collected in a private capacity. .

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DRAFT SAVINGPAM OK EXKRKSS LKTT-K TO POLITICAL RK3IDEKT
Your letter No.1148-80/74-P
Exchange Control
1.
2.
A separate letter is being sent to you regarding the
form in which letters of recommendation should be issued with
reference to hay^s letter to Burrows No,D.Q.851-8G/74-P of the
24th I-arch 1948.
As regards the future operation of exchange control in
the Territories, no reason is seen why the loeal banks should
continue to conform to Indian exchange control requirements locally.
Unless you see any objection (in which case please telegraph
immediately) new arrangements as under should be brought into force
at the earliest date under adYice to me and also to the fteserre
Bank of India who are being separately informed of the proposals
3.
in so far as India will be affected.
Banks in the Territories should be instructed •
(i) That the temporary arrangements under which they have
continued to conform to Indian Exchange Control practices
locally are cancelled.
(ii) That in particular the completion of forms locally will no
longer be required.
(lii) That instead. Certificates of Recommendation issued under
your authority will be required in ail oases where
foreign exchange is to be provided or payment to be made
in a currency of the scheduled Territories to a person
resident outside the scheduled Territories whether for
imports or for any other purpose.
(iv) where such certifloete is held, local banks authorised
by you way arrange foreign currency payments or establish
credits or arrange sterling or rupee payments on behalf
of local residents in favour of non-residents of the
Scheduled Territories, the relative Recommendation

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Content

The file concerns currency issues affecting the Arab states of the Persian Gulf The historical term used to describe the body of water between the Arabian Peninsula and Iran. , following the transfer of administrative responsibility from the Government of India to the Persian Gulf The historical term used to describe the body of water between the Arabian Peninsula and Iran. Residency An office of the East India Company and, later, of the British Raj, established in the provinces and regions considered part of, or under the influence of, British India. in 1947. Under the new arrangements, responsibility for exchange control was vested in the Political Resident A senior ranking political representative (equivalent to a Consul General) from the diplomatic corps of the Government of India or one of its subordinate provincial governments, in charge of a Political Residency. in the Persian Gulf The historical term used to describe the body of water between the Arabian Peninsula and Iran. .

The papers include: memoranda by India Office The department of the British Government to which the Government of India reported between 1858 and 1947. The successor to the Court of Directors. officials on the desirability of the continued use of the Indian rupee in the region (folio 297); the issue of which Gulf states were included in the Sterling Area; exchange control; policy on imports to the region; trade; the currency of Muscat and Oman, including the use there of Maria Theresa dollars; Kuwait as 'the centre of the whole Middle East for smuggling and illicit transactions in foreign currencies' (folio 120); and traffic in gold through Kuwait.

In addition to India Office The department of the British Government to which the Government of India reported between 1858 and 1947. The successor to the Court of Directors. (later Commonwealth Relations Office) correspondence and memoranda, the papers include correspondence from the Political Resident A senior ranking political representative (equivalent to a Consul General) from the diplomatic corps of the Government of India or one of its subordinate provincial governments, in charge of a Political Residency. in the Persian Gulf The historical term used to describe the body of water between the Arabian Peninsula and Iran. , the Bank of England, and HM Treasury.

The file includes a divider, which gives a list of correspondence references contained in the file by year. This is placed at the back of the correspondence.

Extent and format
1 file, in 2 parts (302 folios)
Arrangement

The papers are arranged in approximate chronological order from the rear to the front of the file.

Physical characteristics

Foliation: this file consists of two physical volumes. The foliation sequence (used for referencing) commences at the first folio of volume one (ff 1-153) and terminates at the last folio of volume two (ff 154-302); these numbers are written in pencil, are circled, and are located in the top right corner of the recto The front of a sheet of paper or leaf, often abbreviated to 'r'. side of each folio. An additional foliation sequence is present in parallel; these numbers are printed, and are not circled. The foliation sequence does not include the front and back covers of the volumes.

Written in
English in Latin script
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Coll 30/224 'Currency Arrangements in the Arab Sheikhdoms of the Persian Gulf.' [‎22r] (50/620), British Library: India Office Records and Private Papers, IOR/L/PS/12/3968A, in Qatar Digital Library <https://www.qdl.qa/archive/81055/vdc_100081513438.0x000033> [accessed 19 April 2024]

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