{"id":1723,"date":"2025-06-05T23:53:46","date_gmt":"2025-06-05T19:53:46","guid":{"rendered":"https:\/\/windowedu.in\/blog\/?p=1723"},"modified":"2025-06-05T23:53:47","modified_gmt":"2025-06-05T19:53:47","slug":"%f0%9f%aa%99-%e0%b4%b8%e0%b5%8d%e0%b4%b5%e0%b5%bc%e0%b4%a3%e0%b5%8d%e0%b4%a3%e0%b4%ae%e0%b4%be%e0%b4%a8-%e0%b4%b8%e0%b4%ae%e0%b5%8d%e0%b4%aa%e0%b5%8d%e0%b4%b0%e0%b4%a6%e0%b4%be%e0%b4%af%e0%b4%82","status":"publish","type":"post","link":"https:\/\/windowedu.in\/blog\/?p=1723","title":{"rendered":"\ud83e\ude99 \u0d38\u0d4d\u0d35\u0d7c\u0d23\u0d4d\u0d23\u0d2e\u0d3e\u0d28 \u0d38\u0d2e\u0d4d\u0d2a\u0d4d\u0d30\u0d26\u0d3e\u0d2f\u0d02: \u0d38\u0d4d\u0d35\u0d7c\u0d23\u0d4d\u0d23\u0d24\u0d4d\u0d24\u0d3f\u0d28\u0d4d\u0d31\u0d46 \u0d38\u0d41\u0d35\u0d7c\u0d23\u0d4d\u0d23\u0d15\u0d3e\u0d32\u0d02! \u2728"},"content":{"rendered":"\n<p>\ud83d\udcd8 <em>Currency history from 1870\u20131914 explained for PSC aspirants and curious minds.<\/em><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">\ud83c\udfdb\ufe0f Gold Standard \u0d0e\u0d28\u0d4d\u0d28\u0d24\u0d4d \u0d0e\u0d28\u0d4d\u0d24\u0d3e\u0d23\u0d4d?<\/h2>\n\n\n\n<p><strong>\u0d38\u0d4d\u0d35\u0d7c\u0d23\u0d4d\u0d23\u0d2e\u0d3e\u0d28 \u0d38\u0d2e\u0d4d\u0d2a\u0d4d\u0d30\u0d26\u0d3e\u0d2f\u0d02<\/strong> (Gold Standard) \u0d0e\u0d28\u0d4d\u0d28\u0d24\u0d4d \u0d13\u0d30\u0d4b \u0d15\u0d31\u0d7b\u0d38\u0d3f\u0d2f\u0d41\u0d1f\u0d46 \u0d2e\u0d42\u0d32\u0d4d\u0d2f\u0d35\u0d41\u0d02 \u0d38\u0d4d\u0d35\u0d7c\u0d23\u0d4d\u0d23\u0d24\u0d4d\u0d24\u0d3f\u0d7d \u0d05\u0d1f\u0d3f\u0d38\u0d4d\u0d25\u0d3e\u0d28\u0d2e\u0d3e\u0d15\u0d4d\u0d15\u0d3f \u0d28\u0d3f\u0d36\u0d4d\u0d1a\u0d2f\u0d3f\u0d15\u0d4d\u0d15\u0d41\u0d28\u0d4d\u0d28 \u0d12\u0d30\u0d41 \u0d28\u0d3e\u0d23\u0d2f\u0d28\u0d2f\u0d02 \u0d06\u0d2f\u0d3f\u0d30\u0d41\u0d28\u0d4d\u0d28\u0d41.<\/p>\n\n\n\n<p>\ud83d\udcc5 <strong>\u0d15\u0d3e\u0d32\u0d2a\u0d30\u0d3f\u0d27\u0d3f:<\/strong> <strong>1870\u20131914<\/strong><br>\ud83d\udd01 <em>\u0d28\u0d3f\u0d19\u0d4d\u0d19\u0d33\u0d41\u0d1f\u0d46 \u0d2a\u0d23\u0d24\u0d4d\u0d24\u0d3f\u0d28\u0d4d \u0d0e\u0d2a\u0d4d\u0d2a\u0d4b\u0d7e \u0d35\u0d47\u0d23\u0d2e\u0d46\u0d19\u0d4d\u0d15\u0d3f\u0d32\u0d41\u0d02 \u0d05\u0d24\u0d3f\u0d28\u0d4d\u0d31\u0d46 \u0d24\u0d41\u0d32\u0d4d\u0d2f\u0d35\u0d3f\u0d32 \u0d35\u0d30\u0d41\u0d28\u0d4d\u0d28 \u0d38\u0d4d\u0d35\u0d7c\u0d23\u0d4d\u0d23\u0d02 \u0d35\u0d3e\u0d19\u0d4d\u0d19\u0d3e\u0d2e\u0d3e\u0d2f\u0d3f\u0d30\u0d3f\u0d28\u0d4d\u0d28\u0d41!<\/em><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">\ud83e\udd1d \u0d0e\u0d19\u0d4d\u0d19\u0d28\u0d46 \u0d2a\u0d4d\u0d30\u0d35\u0d7c\u0d24\u0d4d\u0d24\u0d3f\u0d1a\u0d4d\u0d1a\u0d3f\u0d30\u0d3f\u0d28\u0d4d\u0d28\u0d41?<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">\ud83d\udca1 \u0d32\u0d33\u0d3f\u0d24 \u0d09\u0d26\u0d3e\u0d39\u0d30\u0d23\u0d02:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\ud83c\uddec\ud83c\udde7 \u0d2c\u0d4d\u0d30\u0d3f\u0d1f\u0d4d\u0d1f\u0d7b: \u00a31 = 0.25 ounce \u0d38\u0d4d\u0d35\u0d7c\u0d23\u0d4d\u0d23\u0d02<\/li>\n\n\n\n<li>\ud83c\uddfa\ud83c\uddf8 \u0d05\u0d2e\u0d47\u0d30\u0d3f\u0d15\u0d4d\u0d15: $5 = 0.25 ounce \u0d38\u0d4d\u0d35\u0d7c\u0d23\u0d4d\u0d23\u0d02<br>\u27a1\ufe0f \u0d05\u0d24\u0d3e\u0d2f\u0d24\u0d4d <strong>\u00a31 = $5<\/strong> \u2013 Exchange rate \u0d38\u0d4d\u0d35\u0d2f\u0d02 \u0d28\u0d3f\u0d36\u0d4d\u0d1a\u0d2f\u0d2a\u0d4d\u0d2a\u0d46\u0d1f\u0d4d\u0d1f\u0d3f\u0d30\u0d41\u0d28\u0d4d\u0d28\u0d41!<\/li>\n<\/ul>\n\n\n\n<p>\ud83d\udc49 \u0d2c\u0d3e\u0d19\u0d4d\u0d15\u0d3f\u0d7d \u0d2a\u0d4b\u0d2f\u0d3f \u0d2a\u0d23\u0d02 \u0d28\u0d7d\u0d15\u0d3f <strong>\u0d38\u0d4d\u0d35\u0d7c\u0d23\u0d4d\u0d23\u0d02 \u0d35\u0d3e\u0d19\u0d4d\u0d19\u0d3e\u0d02<\/strong>, \u0d2e\u0d31\u0d4d\u0d31\u0d4a\u0d30\u0d41 \u0d30\u0d3e\u0d1c\u0d4d\u0d2f\u0d24\u0d4d\u0d24\u0d4d \u0d05\u0d24\u0d41\u0d2a\u0d2f\u0d4b\u0d17\u0d3f\u0d1a\u0d4d\u0d1a\u0d4d <strong>\u0d2a\u0d23\u0d02 \u0d2e\u0d3e\u0d31\u0d3e\u0d02<\/strong> \u2013 \u0d05\u0d24\u0d4d\u0d30 \u0d32\u0d33\u0d3f\u0d24\u0d02!<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">\ud83c\udf1f Gold Standard-\u0d28\u0d4d\u0d31\u0d46 \u0d2a\u0d4d\u0d30\u0d27\u0d3e\u0d28 \u0d38\u0d35\u0d3f\u0d36\u0d47\u0d37\u0d24\u0d15\u0d7e<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">\u2705 Currency \u2194 Currency \u0d2e\u0d3e\u0d31\u0d4d\u0d31\u0d02 \u0d32\u0d33\u0d3f\u0d24\u0d02<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u0d07\u0d28\u0d4d\u0d24\u0d4d\u0d2f \u2192 \u0d38\u0d4d\u0d35\u0d7c\u0d23\u0d4d\u0d23\u0d02 \u2192 \u0d2c\u0d4d\u0d30\u0d3f\u0d1f\u0d4d\u0d1f\u0d7a \u0d2a\u0d57\u0d23\u0d4d\u0d1f\u0d4d<\/li>\n\n\n\n<li>\u0d24\u0d3f\u0d15\u0d1a\u0d4d\u0d1a\u0d41\u0d02 predictable exchange rate<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">\ud83c\udf0d \u0d32\u0d4b\u0d15\u0d35\u0d4d\u0d2f\u0d3e\u0d2a\u0d15 \u0d05\u0d02\u0d17\u0d40\u0d15\u0d3e\u0d30\u0d02<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\ud83c\uddec\ud83c\udde7 \u0d2c\u0d4d\u0d30\u0d3f\u0d1f\u0d4d\u0d1f\u0d7b, \ud83c\uddfa\ud83c\uddf8 \u0d05\u0d2e\u0d47\u0d30\u0d3f\u0d15\u0d4d\u0d15, \ud83c\udde9\ud83c\uddea \u0d1c\u0d7c\u0d2e\u0d4d\u0d2e\u0d28\u0d3f, \ud83c\uddeb\ud83c\uddf7 \u0d2b\u0d4d\u0d30\u0d3e\u0d7b\u0d38\u0d4d, \ud83c\uddee\ud83c\uddf3 \u0d07\u0d28\u0d4d\u0d24\u0d4d\u0d2f (\u0d2c\u0d4d\u0d30\u0d3f\u0d1f\u0d4d\u0d1f\u0d40\u0d37\u0d4d \u0d07\u0d28\u0d4d\u0d24\u0d4d\u0d2f\u0d7b \u0d30\u0d42\u0d2a) \u0d0e\u0d28\u0d4d\u0d28\u0d3f\u0d35\u0d2f\u0d3f\u0d32\u0d41\u0d02 \u0d28\u0d3f\u0d32\u0d28\u0d3f\u0d28\u0d4d\u0d28\u0d41<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">\ud83d\udcc8 Gold Standard-\u0d28\u0d4d\u0d31\u0d46 \u0d17\u0d41\u0d23\u0d19\u0d4d\u0d19\u0d7e<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u0d17\u0d41\u0d23\u0d02<\/th><th>\u0d35\u0d3f\u0d36\u0d26\u0d40\u0d15\u0d30\u0d23\u0d02<\/th><\/tr><\/thead><tbody><tr><td>\ud83d\udc8e Currency Stability<\/td><td>\u0d38\u0d4d\u0d35\u0d7c\u0d23\u0d4d\u0d23\u0d02 backing, \u0d2e\u0d42\u0d32\u0d4d\u0d2f\u0d28\u0d3f\u0d32 \u0d09\u0d31\u0d2a\u0d4d\u0d2a\u0d4d<\/td><\/tr><tr><td>\ud83e\udd1d Trade Simplification<\/td><td>international trade friction \u0d15\u0d41\u0d31\u0d35\u0d4d<\/td><\/tr><tr><td>\ud83d\udcc9 Inflation Control<\/td><td>supply of money = supply of gold<\/td><\/tr><tr><td>\ud83c\udfdb\ufe0f Currency Trust<\/td><td>public trust \u0d15\u0d3e\u0d30\u0d23\u0d02 physical backing<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">\u2694\ufe0f \u0d0e\u0d28\u0d4d\u0d24\u0d41\u0d15\u0d4a\u0d23\u0d4d\u0d1f\u0d4d Gold Standard \u0d2a\u0d30\u0d3e\u0d1c\u0d2f\u0d2a\u0d4d\u0d2a\u0d46\u0d1f\u0d4d\u0d1f\u0d41?<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">\ud83c\udf2a\ufe0f \u0d12\u0d28\u0d4d\u0d28\u0d4d: \u0d12\u0d28\u0d4d\u0d28\u0d3e\u0d02 \u0d32\u0d4b\u0d15\u0d2e\u0d39\u0d3e\u0d2f\u0d41\u0d26\u0d4d\u0d27\u0d02<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\ud83d\udca3 \u0d35\u0d7b \u0d38\u0d3e\u0d2e\u0d4d\u0d2a\u0d24\u0d4d\u0d24\u0d3f\u0d15 \u0d1a\u0d46\u0d32\u0d35\u0d41\u0d15\u0d7e \u2192 \u0d2a\u0d23\u0d02 \u0d05\u0d24\u0d3f\u0d38\u0d4d\u0d35\u0d3e\u0d2d\u0d3e\u0d35\u0d3f\u0d15\u0d2e\u0d3e\u0d2f\u0d3f \u0d05\u0d1a\u0d4d\u0d1a\u0d1f\u0d3f\u0d1a\u0d4d\u0d1a\u0d41<\/li>\n\n\n\n<li>\ud83c\udfe6 \u0d38\u0d4d\u0d35\u0d7c\u0d23\u0d4d\u0d23\u0d02 central bank-\u0d7d \u0d28\u0d3f\u0d28\u0d4d\u0d28\u0d41\u0d02 \u0d24\u0d40\u0d7c\u0d28\u0d4d\u0d28\u0d41<\/li>\n\n\n\n<li>\u26d4 Flexibility \u0d07\u0d32\u0d4d\u0d32 \u2013 \u0d05\u0d24\u0d3f\u0d28\u0d3e\u0d7d countries exit \u0d1a\u0d46\u0d2f\u0d4d\u0d24\u0d41<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">\ud83d\udcda \u0d1a\u0d30\u0d3f\u0d24\u0d4d\u0d30\u0d2e\u0d47\u0d16\u0d32\u0d2f\u0d3f\u0d7d \u0d28\u0d3f\u0d28\u0d4d\u0d28\u0d41\u0d33\u0d4d\u0d33 \u0d09\u0d26\u0d3e\u0d39\u0d30\u0d23\u0d19\u0d4d\u0d19\u0d7e<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">\ud83c\uddee\ud83c\uddf3 \u0d07\u0d28\u0d4d\u0d24\u0d4d\u0d2f:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u0d2c\u0d4d\u0d30\u0d3f\u0d1f\u0d4d\u0d1f\u0d40\u0d37\u0d4d \u0d15\u0d3e\u0d32\u0d24\u0d4d\u0d24\u0d46 \u0d30\u0d42\u0d2a \u2192 \u0d38\u0d4d\u0d35\u0d7c\u0d23\u0d4d\u0d23\u0d24\u0d4d\u0d24\u0d3f\u0d7d anchor \u0d1a\u0d46\u0d2f\u0d4d\u0d24\u0d3f\u0d30\u0d41\u0d28\u0d4d\u0d28\u0d41<\/li>\n\n\n\n<li>\u0d05\u0d24\u0d41\u0d15\u0d4a\u0d23\u0d4d\u0d1f\u0d4d <strong>\u0d07\u0d28\u0d4d\u0d24\u0d4d\u0d2f\u0d2f\u0d3f\u0d7d \u0d28\u0d3f\u0d28\u0d4d\u0d28\u0d41\u0d33\u0d4d\u0d33 \u0d38\u0d4d\u0d35\u0d7c\u0d23\u0d4d\u0d23 \u0d2a\u0d4d\u0d30\u0d35\u0d3e\u0d39\u0d02<\/strong> \u0d15\u0d42\u0d1f\u0d41\u0d24\u0d32\u0d3e\u0d2f\u0d3f\u0d30\u0d41\u0d28\u0d4d\u0d28\u0d41<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">\ud83c\uddfa\ud83c\uddf8 \u0d05\u0d2e\u0d47\u0d30\u0d3f\u0d15\u0d4d\u0d15:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1933<\/strong>-\u0d7d Great Depression \u0d38\u0d2e\u0d2f\u0d24\u0d4d\u0d24\u0d4d<\/li>\n\n\n\n<li>President Roosevelt gold standard \u0d24\u0d3e\u0d24\u0d4d\u0d15\u0d3e\u0d32\u0d3f\u0d15\u0d2e\u0d3e\u0d2f\u0d3f \u0d28\u0d40\u0d15\u0d4d\u0d15\u0d3f<\/li>\n\n\n\n<li>\u0d38\u0d4d\u0d35\u0d7c\u0d23\u0d4d\u0d23\u0d02 \u0d2a\u0d3f\u0d1f\u0d3f\u0d1a\u0d4d\u0d1a\u0d46\u0d1f\u0d41\u0d24\u0d4d\u0d24\u0d41 \u2013 currency system reset \u0d1a\u0d46\u0d2f\u0d4d\u0d24\u0d41<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">\u2696\ufe0f Gold Standard vs Modern Fiat Currency<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u0d18\u0d1f\u0d15\u0d02<\/th><th>Gold Standard<\/th><th>Fiat Currency<\/th><\/tr><\/thead><tbody><tr><td>\ud83d\udcb0 Value base<\/td><td>\u0d38\u0d4d\u0d35\u0d7c\u0d23\u0d4d\u0d23\u0d02<\/td><td>Govt. credibility<\/td><\/tr><tr><td>\ud83c\udf9b\ufe0f Flexibility<\/td><td>\u0d15\u0d41\u0d31\u0d35\u0d4d<\/td><td>\u0d15\u0d42\u0d1f\u0d41\u0d24\u0d32\u0d3e\u0d23\u0d4d<\/td><\/tr><tr><td>\ud83d\udcc8 Growth<\/td><td>Limited<\/td><td>More supportive<\/td><\/tr><tr><td>\ud83d\udcc9 Inflation Control<\/td><td>Strong<\/td><td>Depends on govt. policies<\/td><\/tr><tr><td>\ud83e\udde0 Trust<\/td><td>High<\/td><td>Depends on central bank<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">\ud83c\udfad Real Life Impact<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">\ud83d\udc74 \u0d05\u0d2a\u0d4d\u0d2a\u0d42\u0d2a\u0d4d\u0d2a\u0d28\u0d4d\u0d31\u0d46 \u0d15\u0d3e\u0d32\u0d24\u0d4d\u0d24\u0d46 banking:<\/h3>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201c\u20b9100 \u0d15\u0d4a\u0d1f\u0d41\u0d24\u0d4d\u0d24\u0d4d \u0d2c\u0d3e\u0d19\u0d4d\u0d15\u0d3f\u0d7d \u0d28\u0d3f\u0d28\u0d4d\u0d28\u0d41 \u0d38\u0d4d\u0d35\u0d7c\u0d23\u0d4d\u0d23\u0d02 \u0d35\u0d3e\u0d19\u0d4d\u0d19\u0d3e\u0d2e\u0d3e\u0d2f\u0d3f\u0d30\u0d41\u0d28\u0d4d\u0d28\u0d41. \u0d2a\u0d3f\u0d28\u0d4d\u0d28\u0d46 \u0d1e\u0d3e\u0d7b \u0d05\u0d24\u0d41 \u0d15\u0d4a\u0d23\u0d4d\u0d1f\u0d41\u0d2a\u0d4b\u0d2f\u0d3f \u0d35\u0d47\u0d31\u0d46 \u0d30\u0d3e\u0d1c\u0d4d\u0d2f\u0d24\u0d4d\u0d24\u0d4d \u0d2a\u0d23\u0d2e\u0d3e\u0d15\u0d4d\u0d15\u0d3f.\u201d \ud83d\udc74<\/p>\n<\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\">\ud83c\udfea \u0d35\u0d4d\u0d2f\u0d3e\u0d2a\u0d3e\u0d30\u0d3f\u0d15\u0d7e:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\ud83c\udf0d Trade friction \u0d15\u0d41\u0d31\u0d35\u0d4d<\/li>\n\n\n\n<li>\ud83d\udcb1 Predictable currency conversion<\/li>\n\n\n\n<li>\ud83d\udcb5 Payment guarantee \u2013 <strong>Gold-backed<\/strong><\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">\ud83d\udd2e \u0d38\u0d4d\u0d35\u0d7c\u0d23\u0d4d\u0d23\u0d24\u0d4d\u0d24\u0d3f\u0d28\u0d4d\u0d31\u0d46 \u0d07\u0d28\u0d4d\u0d28\u0d24\u0d4d\u0d24\u0d46 \u0d28\u0d3f\u0d32<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\ud83d\udee1\ufe0f <strong>Gold = Safe Haven<\/strong><\/li>\n\n\n\n<li>\ud83c\udfe6 Central banks-\u0d32\u0d41\u0d33\u0d4d\u0d33 <strong>gold reserves<\/strong> credibility \u0d28\u0d7d\u0d15\u0d41\u0d28\u0d4d\u0d28\u0d41<\/li>\n\n\n\n<li>\ud83d\udcbb <strong>Digital gold, ETFs<\/strong> \u0d0e\u0d28\u0d4d\u0d28\u0d3f\u0d35 popular investment choices \u0d06\u0d2f\u0d3f \u0d2e\u0d3e\u0d31\u0d41\u0d28\u0d4d\u0d28\u0d41<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">\ud83c\udfaf Blog Summary: Gold Standard \u0d12\u0d31\u0d4d\u0d31\u0d28\u0d4b\u0d1f\u0d4d\u0d1f\u0d24\u0d4d\u0d24\u0d3f\u0d7d<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u2705 <strong>\u0d15\u0d3e\u0d32\u0d18\u0d1f\u0d4d\u0d1f\u0d02:<\/strong> 1870\u20131914<\/li>\n\n\n\n<li>\u2705 <strong>\u0d05\u0d1f\u0d3f\u0d38\u0d4d\u0d25\u0d3e\u0d28\u0d02:<\/strong> Currency = Gold value<\/li>\n\n\n\n<li>\u2705 <strong>\u0d17\u0d41\u0d23\u0d19\u0d4d\u0d19\u0d7e:<\/strong> Stability, Trust<\/li>\n\n\n\n<li>\u274c <strong>\u0d1a\u0d4b\u0d26\u0d4d\u0d2f\u0d1a\u0d3f\u0d39\u0d4d\u0d28\u0d19\u0d4d\u0d19\u0d7e:<\/strong> Flexibility \u0d07\u0d32\u0d4d\u0d32, Growth \u0d15\u0d41\u0d31\u0d1e\u0d4d\u0d1e\u0d41<\/li>\n\n\n\n<li>\u2694\ufe0f <strong>\u0d05\u0d28\u0d4d\u0d24\u0d4d\u0d2f\u0d02:<\/strong> World War-\u0d28\u0d4d\u0d31\u0d46 \u0d38\u0d3e\u0d2e\u0d4d\u0d2a\u0d24\u0d4d\u0d24\u0d3f\u0d15 \u0d2a\u0d4d\u0d30\u0d36\u0d4d\u0d28\u0d19\u0d4d\u0d19\u0d7e \u0d15\u0d3e\u0d30\u0d23\u0d02<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">\ud83d\udcda \u0d28\u0d3f\u0d19\u0d4d\u0d19\u0d7e \u0d2a\u0d20\u0d3f\u0d15\u0d4d\u0d15\u0d47\u0d23\u0d4d\u0d1f\u0d24\u0d46\u0d28\u0d4d\u0d24\u0d3e\u0d23\u0d4d?<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\ud83c\udf93 Gold Standard \u2192 Bretton Woods \u2192 Fiat Currency<\/li>\n\n\n\n<li>\ud83e\ude99 Gold \u0d07\u0d2a\u0d4d\u0d2a\u0d4b\u0d34\u0d41\u0d02 safe asset \u0d06\u0d23\u0d46\u0d19\u0d4d\u0d15\u0d3f\u0d32\u0d41\u0d02, monetary system evolve \u0d1a\u0d46\u0d2f\u0d4d\u0d24\u0d41<\/li>\n\n\n\n<li>\ud83d\udcc8 Currency systems = National interest + Global coordination<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">\ud83d\udcdd Quick Reference Recap (PSC Friendly)<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u0d35\u0d7c\u0d37\u0d02<\/th><th>\u0d38\u0d02\u0d2d\u0d35\u0d19\u0d4d\u0d19\u0d7e<\/th><\/tr><\/thead><tbody><tr><td>1870\u20131914<\/td><td>Gold Standard<\/td><\/tr><tr><td>1933<\/td><td>US exit from gold<\/td><\/tr><tr><td>1944<\/td><td>Bretton Woods System<\/td><\/tr><tr><td>1970<\/td><td>Floating Rate System<\/td><\/tr><tr><td>Today<\/td><td>Fiat Currency + Gold as reserve asset<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">\ud83d\udcac \u0d05\u0d35\u0d38\u0d3e\u0d28\u0d2e\u0d3e\u0d2f\u0d3f\u2026<\/h2>\n\n\n\n<p>\ud83d\udccc <strong>Gold Standard \u0d12\u0d30\u0d41 ideal system \u0d06\u0d2f\u0d3f\u0d30\u0d41\u0d28\u0d4d\u0d28\u0d46\u0d19\u0d4d\u0d15\u0d3f\u0d32\u0d41\u0d02<\/strong>, today\u2019s world-\u0d7d \u0d05\u0d24\u0d3f\u0d28\u0d4d\u0d31\u0d46 limits \u0d2e\u0d28\u0d38\u0d4d\u0d38\u0d3f\u0d32\u0d3e\u0d15\u0d4d\u0d15\u0d3f \u0d15\u0d42\u0d1f\u0d41\u0d24\u0d7d flexible systems\u200c \u0d35\u0d33\u0d7c\u0d28\u0d4d\u0d28\u0d41.<br>\ud83d\udcca \u0d05\u0d24\u0d41\u0d2a\u0d4b\u0d32\u0d46 \u0d24\u0d28\u0d4d\u0d28\u0d46, \u0d07\u0d28\u0d4d\u0d28\u0d24\u0d4d\u0d24\u0d46 currency debates (CBDC, Bitcoin) \u0d2a\u0d4b\u0d32\u0d41\u0d02 \u0d08 \u0d1a\u0d30\u0d3f\u0d24\u0d4d\u0d30\u0d02 \u0d2a\u0d20\u0d3f\u0d15\u0d4d\u0d15\u0d3e\u0d24\u0d46 \u0d2e\u0d28\u0d38\u0d4d\u0d38\u0d3f\u0d32\u0d3e\u0d15\u0d4d\u0d15\u0d3e\u0d28\u0d3e\u0d35\u0d3f\u0d32\u0d4d\u0d32.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>\ud83d\udce2 \u0d15\u0d2e\u0d28\u0d4d\u0d31\u0d3f\u0d7d \u0d2a\u0d31\u0d2f\u0d42:<\/strong><br>\ud83d\udc49 \u0d28\u0d3f\u0d19\u0d4d\u0d19\u0d7e\u0d15\u0d4d\u0d15\u0d4d \u0d38\u0d4d\u0d35\u0d7c\u0d23\u0d4d\u0d23\u0d02 \u0d09\u0d2a\u0d2f\u0d4b\u0d17\u0d3f\u0d1a\u0d4d\u0d1a\u0d3f\u0d1f\u0d4d\u0d1f\u0d41\u0d33\u0d4d\u0d33 banking experience \u0d09\u0d23\u0d4d\u0d1f\u0d4b?<br>\ud83d\udc49 Digital gold\/ETF-\u0d7d \u0d28\u0d3f\u0d15\u0d4d\u0d37\u0d47\u0d2a\u0d02 \u0d28\u0d1f\u0d24\u0d4d\u0d24\u0d3f\u0d2f\u0d3f\u0d1f\u0d4d\u0d1f\u0d41\u0d23\u0d4d\u0d1f\u0d4b?<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-windowedu-blog wp-block-embed-windowedu-blog\"><div class=\"wp-block-embed__wrapper\">\n<div class=\"oceanwp-oembed-wrap clr\"><blockquote class=\"wp-embedded-content\" data-secret=\"K9CfCzMtUC\"><a href=\"https:\/\/windowedu.in\/blog\/?p=1721\">J.\ud83d\udd01 \u0d35\u0d3f\u0d28\u0d3f\u0d2e\u0d2f \u0d28\u0d3f\u0d30\u0d15\u0d4d\u0d15\u0d41\u0d15\u0d33\u0d41\u0d1f\u0d46 \u0d05\u0d28\u0d4d\u0d24\u0d3e\u0d30\u0d3e\u0d37\u0d4d\u0d1f\u0d4d\u0d30 \u0d1a\u0d30\u0d3f\u0d24\u0d4d\u0d30\u0d02 \u2013  \u0d32\u0d33\u0d3f\u0d24\u0d2e\u0d3e\u0d2f\u0d3f!<\/a><\/blockquote><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"&#8220;J.\ud83d\udd01 \u0d35\u0d3f\u0d28\u0d3f\u0d2e\u0d2f \u0d28\u0d3f\u0d30\u0d15\u0d4d\u0d15\u0d41\u0d15\u0d33\u0d41\u0d1f\u0d46 \u0d05\u0d28\u0d4d\u0d24\u0d3e\u0d30\u0d3e\u0d37\u0d4d\u0d1f\u0d4d\u0d30 \u0d1a\u0d30\u0d3f\u0d24\u0d4d\u0d30\u0d02 \u2013  \u0d32\u0d33\u0d3f\u0d24\u0d2e\u0d3e\u0d2f\u0d3f!&#8221; &#8212; windowedu blog\" src=\"https:\/\/windowedu.in\/blog\/?p=1721&#038;embed=true#?secret=fzYzv0WNb7#?secret=K9CfCzMtUC\" data-secret=\"K9CfCzMtUC\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/div>\n<\/div><\/figure>\n\n\n\n<p><strong>#GoldStandard #CurrencyHistory #KeralaPSC #Macroeconomics #FiatVsGold #WindowEdu #EconomicsInMalayalam<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\ud83d\udcd8 Currency history from 1870\u20131914 explained for PSC aspirants and curious minds. \ud83c\udfdb\ufe0f Gold Standard \u0d0e\u0d28\u0d4d\u0d28\u0d24\u0d4d \u0d0e\u0d28\u0d4d\u0d24\u0d3e\u0d23\u0d4d? \u0d38\u0d4d\u0d35\u0d7c\u0d23\u0d4d\u0d23\u0d2e\u0d3e\u0d28 \u0d38\u0d2e\u0d4d\u0d2a\u0d4d\u0d30\u0d26\u0d3e\u0d2f\u0d02 (Gold Standard) \u0d0e\u0d28\u0d4d\u0d28\u0d24\u0d4d \u0d13\u0d30\u0d4b \u0d15\u0d31\u0d7b\u0d38\u0d3f\u0d2f\u0d41\u0d1f\u0d46 \u0d2e\u0d42\u0d32\u0d4d\u0d2f\u0d35\u0d41\u0d02 \u0d38\u0d4d\u0d35\u0d7c\u0d23\u0d4d\u0d23\u0d24\u0d4d\u0d24\u0d3f\u0d7d \u0d05\u0d1f\u0d3f\u0d38\u0d4d\u0d25\u0d3e\u0d28\u0d2e\u0d3e\u0d15\u0d4d\u0d15\u0d3f \u0d28\u0d3f\u0d36\u0d4d\u0d1a\u0d2f\u0d3f\u0d15\u0d4d\u0d15\u0d41\u0d28\u0d4d\u0d28 \u0d12\u0d30\u0d41 \u0d28\u0d3e\u0d23\u0d2f\u0d28\u0d2f\u0d02 \u0d06\u0d2f\u0d3f\u0d30\u0d41\u0d28\u0d4d\u0d28\u0d41. \ud83d\udcc5 \u0d15\u0d3e\u0d32\u0d2a\u0d30\u0d3f\u0d27\u0d3f: 1870\u20131914\ud83d\udd01 \u0d28\u0d3f\u0d19\u0d4d\u0d19\u0d33\u0d41\u0d1f\u0d46 \u0d2a\u0d23\u0d24\u0d4d\u0d24\u0d3f\u0d28\u0d4d \u0d0e\u0d2a\u0d4d\u0d2a\u0d4b\u0d7e \u0d35\u0d47\u0d23\u0d2e\u0d46\u0d19\u0d4d\u0d15\u0d3f\u0d32\u0d41\u0d02 \u0d05\u0d24\u0d3f\u0d28\u0d4d\u0d31\u0d46 \u0d24\u0d41\u0d32\u0d4d\u0d2f\u0d35\u0d3f\u0d32 \u0d35\u0d30\u0d41\u0d28\u0d4d\u0d28 \u0d38\u0d4d\u0d35\u0d7c\u0d23\u0d4d\u0d23\u0d02 \u0d35\u0d3e\u0d19\u0d4d\u0d19\u0d3e\u0d2e\u0d3e\u0d2f\u0d3f\u0d30\u0d3f\u0d28\u0d4d\u0d28\u0d41! \ud83e\udd1d \u0d0e\u0d19\u0d4d\u0d19\u0d28\u0d46 \u0d2a\u0d4d\u0d30\u0d35\u0d7c\u0d24\u0d4d\u0d24\u0d3f\u0d1a\u0d4d\u0d1a\u0d3f\u0d30\u0d3f\u0d28\u0d4d\u0d28\u0d41? \ud83d\udca1 \u0d32\u0d33\u0d3f\u0d24 \u0d09\u0d26\u0d3e\u0d39\u0d30\u0d23\u0d02: \ud83d\udc49 \u0d2c\u0d3e\u0d19\u0d4d\u0d15\u0d3f\u0d7d \u0d2a\u0d4b\u0d2f\u0d3f \u0d2a\u0d23\u0d02 \u0d28\u0d7d\u0d15\u0d3f \u0d38\u0d4d\u0d35\u0d7c\u0d23\u0d4d\u0d23\u0d02 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","om_disable_all_campaigns":false,"_uag_custom_page_level_css":"","ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1723","post","type-post","status-publish","format-standard","hentry","category-uncategorized","entry"],"aioseo_notices":[],"uagb_featured_image_src":{"full":false,"thumbnail":false,"medium":false,"medium_large":false,"large":false,"1536x1536":false,"2048x2048":false,"ocean-thumb-m":false,"ocean-thumb-ml":false,"ocean-thumb-l":false},"uagb_author_info":{"display_name":"raghumadambath","author_link":"https:\/\/windowedu.in\/blog\/?author=1"},"uagb_comment_info":1,"uagb_excerpt":"\ud83d\udcd8 Currency history from 1870\u20131914 explained for PSC aspirants and curious minds. \ud83c\udfdb\ufe0f Gold Standard \u0d0e\u0d28\u0d4d\u0d28\u0d24\u0d4d \u0d0e\u0d28\u0d4d\u0d24\u0d3e\u0d23\u0d4d? \u0d38\u0d4d\u0d35\u0d7c\u0d23\u0d4d\u0d23\u0d2e\u0d3e\u0d28 \u0d38\u0d2e\u0d4d\u0d2a\u0d4d\u0d30\u0d26\u0d3e\u0d2f\u0d02 (Gold Standard) \u0d0e\u0d28\u0d4d\u0d28\u0d24\u0d4d \u0d13\u0d30\u0d4b \u0d15\u0d31\u0d7b\u0d38\u0d3f\u0d2f\u0d41\u0d1f\u0d46 \u0d2e\u0d42\u0d32\u0d4d\u0d2f\u0d35\u0d41\u0d02 \u0d38\u0d4d\u0d35\u0d7c\u0d23\u0d4d\u0d23\u0d24\u0d4d\u0d24\u0d3f\u0d7d \u0d05\u0d1f\u0d3f\u0d38\u0d4d\u0d25\u0d3e\u0d28\u0d2e\u0d3e\u0d15\u0d4d\u0d15\u0d3f \u0d28\u0d3f\u0d36\u0d4d\u0d1a\u0d2f\u0d3f\u0d15\u0d4d\u0d15\u0d41\u0d28\u0d4d\u0d28 \u0d12\u0d30\u0d41 \u0d28\u0d3e\u0d23\u0d2f\u0d28\u0d2f\u0d02 \u0d06\u0d2f\u0d3f\u0d30\u0d41\u0d28\u0d4d\u0d28\u0d41. \ud83d\udcc5 \u0d15\u0d3e\u0d32\u0d2a\u0d30\u0d3f\u0d27\u0d3f: 1870\u20131914\ud83d\udd01 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