Gilding the Waves: Gold Smuggling and Monetary Policies Around the Arabian Sea, 1939–1967

Research output: Chapter in Book/Report/Conference proceedingChapter

Abstract

This chapter examines colonial and post-colonial monetary policies in the Arabian Sea in the middle decades of the twentieth century and their circumvention through gold smuggling. Mathew delineates the diasporic financial networks that connected populations around the coasts of the Arabian Sea and the British banks and imperial monetary systems that tried to govern their transactions. Then the chapter moves through the Second World War and the period of decolonization to show how these merchant networks continued to subvert monetary policies, forced post-colonial governments to reform their policies and ultimately helped to hasten the end of the Sterling Area in the 1960s.

Original languageEnglish (US)
Title of host publicationPalgrave Series in Indian Ocean World Studies
PublisherPalgrave Macmillan
Pages165-184
Number of pages20
DOIs
StatePublished - 2019
Externally publishedYes

Publication series

NamePalgrave Series in Indian Ocean World Studies

ASJC Scopus subject areas

  • History

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