Outrageously Funny Word Definitions :: England Ior

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What is the definition of England Ior? 🙋

👉 The England IOR, or International Orders in Blue, was a financial instrument introduced in 1922 by the British government to facilitate trade and investment between Britain and its colonies, particularly India, during a period of economic strain following World War I. It allowed companies from these colonies to trade with British entities on favorable terms, effectively creating a parallel currency system. The England IOR was issued in denominations of £10, £50, and £100, and was redeemable for gold at a fixed rate, providing liquidity and stability in the colonial trade. This system aimed to strengthen economic ties within the Empire and support British businesses, though it also led to increased financial complexity and eventually contributed to economic challenges in the colonies.


england ior

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