Go to Vanipedia | Go to Vanisource | Go to Vanimedia


Vaniquotes - the compiled essence of Vedic knowledge


Currency

Srimad-Bhagavatam

SB Canto 1

SB 1.17.39, Translation and Purport:

The personality of Kali asked for something more, and because of his begging, the King gave him permission to live where there is gold because wherever there is gold there is also falsity, intoxication, lust, envy and enmity.

Although Mahārāja Parīkṣit gave Kali permission to live in four places, it was very difficult for him to find the places because during the reign of Mahārāja Parīkṣit there were no such places. Therefore Kali asked the King to give him something practical which could be utilized for his nefarious purposes. Mahārāja Parīkṣit thus gave him permission to live in a place where there is gold, because wherever there is gold there are all the above-mentioned four things, and over and above them there is enmity also. So the personality of Kali became gold-standardized. According to Śrīmad-Bhāgavatam, gold encourages falsity, intoxication, prostitution, envy and enmity. Even a gold-standard exchange and currency is bad. Gold-standard currency is based on falsehood because the currency is not on a par with the reserved gold. The basic principle is falsity because currency notes are issued in value beyond that of the actual reserved gold. This artificial inflation of currency by the authorities encourages prostitution of the state economy. The price of commodities becomes artificially inflated because of bad money, or artificial currency notes. Bad money drives away good money. Instead of paper currency, actual gold coins should be used for exchange, and this will stop prostitution of gold. Gold ornaments for women may be allowed by control, not by quality, but by quantity. This will discourage lust, envy and enmity. When there is actual gold currency in the form of coins, the influence of gold in producing falsity, prostitution, etc., will automatically cease. There will be no need of an anticorruption ministry for another term of prostitution and falsity of purpose.

SB Canto 4

SB 4.16.10, Purport:

In Kali-yuga, however, the king or government has no well-protected treasury, and the only means of circulation is currency notes made of paper. Thus in times of distress the government artificially inflates the currency by simply printing papers, and this artificially raises the price of commodities, and the general condition of the citizens becomes very precarious. Thus keeping one's money very secretly is an old practice, for we find this practice present even during the reign of Mahārāja Pṛthu.

SB Canto 5

SB 5.16.20-21, Purport:

Unfortunately, on earth there is such a scarcity of gold that the governments of the world try to keep it in reserve and issue paper currency. Because that currency is not backed up by gold, the paper they distribute as money is worthless, but nevertheless the people on earth are very proud of material advancement. In modern times, girls and ladies have ornaments made of plastic instead of gold, and plastic utensils are used instead of golden ones, yet people are very proud of their material wealth.

Sri Caitanya-caritamrta

CC Antya-lila

CC Antya 1.19, Purport:

One paṇa is eighty kaḍis, or small conchshells. Formerly, even fifty or sixty years ago, there was no paper currency in India. Coins were generally made not of base metal but of gold, silver and copper. In other words, the medium of exchange was really something valuable. Four pieces of kaḍi made one gaṇḍā, and twenty such gaṇḍās equaled one paṇa. This kaḍi was also used as a medium of exchange; therefore Śivānanda Sena paid for the dog with daśa paṇa, or eighty times ten pieces of kaḍi.

CC Antya 9.119, Purport:

The kauḍi is like an American cent or Japanese yen. In the old medium of exchange, the first unit of currency was a small conchshell called a kauḍi. Four kauḍis made one gaṇḍā, twenty gaṇḍās made one paṇa, and sixteen paṇas made one kāhana. Gopīnātha Paṭṭanāyaka owed the government 200,000 kāhanas. The King absolved him of this debt, reappointed him to his post and doubled his salary.

Other Books by Srila Prabhupada

Krsna, The Supreme Personality of Godhead

Krsna Book 87:

Persons who are not devotees take to the Vedic ritualistic ceremonies for materialistic reasons, and then they are bewildered. A vivid example may be given: an intelligent person possessing one million dollars in currency notes does not hold the money without using it, even though he knows perfectly well that the currency notes in themselves are nothing but paper. When one has one million dollars in currency notes, he is actually holding only a huge bunch of papers, but if he utilizes it for a purpose, then he benefits.

Krsna Book 87:

Because the currency notes, although paper, are issued by the government, they have full value. Similarly, this material world may be false or temporary, but because it is an emanation from the Supreme Lord, it has its full value. The Vaiṣṇava philosopher acknowledges the full value of this material world and knows how to utilize it properly, whereas the Māyāvādī philosopher fails to do so, just as those who mistake a currency note for ordinary paper discard it and cannot utilize the money.

Lectures

Bhagavad-gita As It Is Lectures

Lecture on BG 3.8-13 -- New York, May 20, 1966:

Now, this Rūpa and Sanātana, when they retired from their service, they brought home gold coins. At that time there was no currency notes. Actual value gold coins were in... Now, that gold coins was about two and a half ounce weight. Just like imagine what is the value now, whatever it may be. That means the estimation is some millions of rupees they brought home after their retirement. And they divided the money in this way: 50% for God... Whatever they accumulated, they set aside 50% for God or God's service.

Lecture on BG 9.4 -- Melbourne, April 22, 1976:

Why don't you be intelligent—"Why shall I take the piece of paper? Give me food"? But that intelligence you have lost. Therefore my Guru Mahārāja used to say the present human society is combination of cheaters and cheated, that's all. No intelligent person. Formerly money was gold and silver coins. It had some value. But what is the present currency? Simply piece of paper. Bunch of papers. During the last war the government failed in Germany, and these bunch of papers were thrown in the street. Nobody was caring. Nobody was caring.

Srimad-Bhagavatam Lectures

Lecture on SB 1.3.28 -- Los Angeles, October 3, 1972:

People, out of poverty, would go there. That was the policy. So this policy was executed that government began to purchase rice and, I mean to say, commodities which are daily necessities. And... Any price, any price they can offer. Because the currency in their hand. They can print the so-called papers, hundred dollars, and pay you. And you becomes satisfied: "Oh, I have got hundred dollars." But it is a piece of paper. The cheating is from the government.

Lecture on SB 1.10.20 -- London, May 24, 1973:

So it is very easy to find out. At least for us. That is a fact. This is our criterion. Just like you can find out the currency note, which one is genuine and which one is not genuine. There are some signs. This is an example. Similarly our criterion is, from the Bhagavad-gītā, from śāstra, that we find these two verses in the Bhagavad-gītā.

Lecture on SB 1.15.39 -- Los Angeles, December 17, 1973:

The real duty is to fulfill the mission of the human life. The mission of human life is to understand God. And God is there, you cannot deny, God is there. But we do not know what is God, what is our relationship with Him. That we do not know. Just like in your country, the currency notes are advertised, "In God We Trust." But if we ask anybody that "This is the slogan of your state. What do you know about God?" nobody can reply. They will say, "It is something like this, something like that." But no... Everything vague idea. Nobody knows what is God, neither he knows how to trust in God.

Lecture on SB 1.15.42 -- Los Angeles, December 20, 1973:

So anyone who has not developed his consciousness to understand God... Kṛṣṇa consciousness means to understand God and then trust Him. This is Kṛṣṇa consciousness. Actually, your currency notes advertising our movement. But they do not know scientifically. Now this movement is scientifically started. The Americans should take advantage of it and try to understand the simple slogan, "In God We Trust."

Lecture on SB 3.25.39-40 -- Bombay, December 8, 1974:

Nowadays, if you have got bunch of paper written "one thousand dollar," but they are paper only. You are dhanavān. Formerly, practical. Not dhanavān by the papers, by the currency notes, but by how many cows you possess, because that is life. You get milk. And dhānyena, if you have got food grains, then you are rich, not by possessing some paper. No. Therefore it it said here, rāyaḥ paśavo gṛhāḥ. So these are the material possession.

Lecture on SB 3.26.2 -- Bombay, December 14, 1974:

And formerly you must have land. Parjanyād anna sambhavaḥ, annād bhavanti bhūtāni (BG 3.14), you have to produce. People are not interested now producing food grains. They, somehow or other, if they can get that paper currency, they can purchase. Therefore everyone has got this printed paper. The value is increasing. Competition. I can pay two rupees kilo.

Lecture on SB 3.26.2 -- Bombay, December 14, 1974:

This is the economy. Because they have got false money, therefore there is false increment of price. Bad money. Gresham's theory: "Bad money drives away good money." As soon as there is bad money, this paper currency, the coin, gold coins and silver coins, they are finished, they are no more.

Lecture on SB 5.5.3 -- Vrndavana, October 25, 1976:

So long the paper money you can exchange, there is value. Otherwise it is paper only. But if you have got actual commodity—grains and cows—then you can eat in any circumstances. Never mind war is going on; you don't care. You get sufficient food. What you will do with the paper money? So this paper currency is useless. If the things are going on nicely it has value, but in times of crisis it has no value.

Lecture on SB 7.6.6-9 -- Montreal, June 23, 1968:

In your country I was reading a little history that in 1813 or some year the government introduced that "We trust in God," "Trust in God," and that was declared by the secretary to be published on the coins or on the paper currency, and we see sometimes. But simply trust in God is not sufficient. We must know what is God. Trusting something oblivion, something fantasy, that is no trust. You must know where to put your trust. That is Bhagavad-gītā. You have to know this, what is God. You simply believe in God... Faith in God is very nice.

Lecture on SB 7.9.43 -- Calcutta, March 23, 1976:

But ask any of the scientists, philosopher, president, that "What is that God? You trust in God and what is that God? Can you explain?" "No." That means "We trust in air, not in God." Nobody can explain. Such a big country, so many scientists, politicians, philosophers... Ask. Challenge the government that "You write on the bills, currency notes, 'We trust in God.' So what is that God?" Ask anyone. Will they be able to answer? No. It is simply formality.

Arrival Addresses and Talks

Arrival Lecture -- Gainesville, July 29, 1971:

So anything pure will attract. That is natural. Pure love, pure foodstuff, anything pure. Pure gold. In economics also. It is said, "Bad money drives away good money." If you put bad money, just like nowadays the currency is some paper, paper currency, so drives away good money. Good money means gold coins. They are not to be seen. That's economic law. As soon as you put bad money, the good money will vanish.

General Lectures

Lecture -- San Francisco, June 28, 1971:

So if we execute this Kṛṣṇa consciousness movement, following the footsteps of the Gosvāmīs, then tri-bhuvane manyau, you will be honored in the three worlds, wherever you go. Just like I am Indian, but you are honoring me. Why? Have I bribed you with my Indian money, currency? I came with forty rupees only, had no money. Why? Because you are having some message of Kṛṣṇa consciousness. That is the state of being honored.

Philosophy Discussions

Philosophy Discussion on Jean-Paul Sartre:

Śyāmasundara: This, he says, is the modern man's condition of existence, that he is overwhelmed with the anxiety of having to choose.

Prabhupāda: That means he is in an awkward position. He wants to be in a peaceful position, but he does not know how to get that position. So because he does not know, that does not mean that there is no peaceful position. Suppose some... It is something like that, that a man in the market, he has been cheated simply by counterfeit currency. He is disappointed that there is no real money. But actually that is not a fact. The government is there, and the currency is there, the real currency.

Conversations and Morning Walks

1973 Conversations and Morning Walks

Room Conversation with David Wynne, Sculptor -- July 9, 1973, London:

Prabhupāda: Yes. First of all the Britishers went there as East India Company to have trade connection.

Śyāmasundara: Disguise. So we should sell it for any price?

Prabhupāda: Yes. Formerly, people could purchase any amount of coins from the currency.

Śyāmasundara: From who?

Prabhupāda: From the currency, government currency.

Room Conversation with David Wynne, Sculptor -- July 9, 1973, London:

Prabhupāda: And these currency notes, the price, commodity, has gone so high due to this rascal currency. Because your enemy country, they print counterfeit and they overflood in the market. So how you can check it? You cannot check. I know, during wartime, a Chinese man was coming in Calcutta, and he had a purchasing agent who was my friend. So he would come, and he would give a list of goods, especially rare medicines, and he'll deposit with him bunch of notes, "You spend, purchase, and whatever..." That means all those notes were counterfeit.

Morning Walk -- December 9, 1973, Los Angeles:
Prabhupāda: So you can sit down." Never said like that. Similarly, we should remain always completely dependent upon God. That does not mean we shall be lazy and idle and gossiping. We must fully utilize the intelligence which God has given us, but at the same time, we must completely depend on God. This is called "In God we trust."

Svarūpa Dāmodara: This is called? Prabhupāda: "We trust in God." I am speaking that American currency notes bears the slogan, "In God we trust." Svarūpa Dāmodara: Yes. Prabhupāda: I am talking on that matter. So if the American nation trusts in God... If not... They say, they have declared. Now, the difficulty is they do not know actually what is God, how to trust. That we are teaching.

Morning Walk -- December 12, 1973, Los Angeles:

Umāpati: They fear theocracy. They fear being ruled by a priestly class. That is a very old fear in the west.

Prabhupāda: No, no, that's all right. But if the politicians, administration, trust in God, that becomes religious. How they separate? Currency note is economic problem. So how they are mixing with God? They are contradictory. You cannot separate God from any field of activities. And religion, they do not know what is the meaning of religion. Our definition of religion is to abide by the order of God. So does it mean, the politicians they do not abide by the orders of God? Then why do they write, "In god we trust"?

Morning Walk -- December 12, 1973, Los Angeles:

Karandhara: Because the monarchs of the past days, they used religion to suppress the people so severely in Russia that...

Prabhupāda: Well, something wrong was done; therefore everything is wrong. If somebody, he might have seen some counterfeit coin, does it mean the whole currency is counterfeit? You cannot say like that.

Morning Walk -- December 31, 1973, Los Angeles:

Prabhupāda: It is very simple. Don't accept paper currency. It must be gold or some metal worth. Just like one dollar, it must be worth one dollar metal. Then it is solved. But they want to cheat. How it can be solved? Because if I pay you one dollar, I must pay you value for one dollar. But it is the cheating process is going on, "I pay you one dollar, a piece of paper. That's all." So you accept cheating, and I also cheat. Government allows. So how the problem can be solved? It is cheating. But the government allows it as law. And you accept, I accept. Then how they can be solved, solution? This is the solution.

Morning Walk -- December 31, 1973, Los Angeles:

Karandhara: Yes. Whenever there is an economic depression, then gold remains valuable. Just like when the stock market crashed in 1929, if you had gold you could still purchase goods. No matter how bad the economy was, people would accept gold as barter, but not currency.

Prabhupāda: Yes. Indian economy was that if you have got extra money, you get gold ornament for your wife. So then your money is stocked there. Or purchase some utensils, silver utensils. That was Indian economy. This depositing in the bank and thinking that I am getting good interest, that is another cheating.

1974 Conversations and Morning Walks

Room Conversation -- February 13, 1974, Vrndavana:

Prabhupāda: But I could not spend because there was no exchange for Indian currency, no (laughter). So it was kept as it is. When I came back in 1967, that was spent as my taxi fare (laughter). At that time it was spent. From Palam airport to Delhi, that Chippiwada. So they charged me thirty-five rupees or forty rupees. So at that time it was spent, and 1967 there was heart attack.

Morning Walk at Villa Borghese -- May 25, 1974, Rome:

Prabhupāda: That's all. Because I did not earn this money, I have printed. I am prepared to twenty rupees. So he says, "Why shall I pay ten rupees? I must wait for the customer, for twenty rupees, and hoard it." Even there is sufficient stock, he will not sell. Therefore the other man, who is honest, he is suffering. This is going on. So to stop this inflation, the government must stop this paper currency. Then the inflation... There will be no more inflation. But that they will not do. They want to cheat people. "In God I trust. Take this paper and you be satisfied that you have got thousand dollars." That's all. This cheating is going on. Why should you pay me paper? Give me real dollar, in gold. That they have none. They haven't got. That's all. They will employ laborers and cheat them by paying these papers, and this rascal will think that "I am getting more money." That's all. Since this world has taken this paper currency, the situation has degraded.

1975 Conversations and Morning Walks

Morning Walk -- February 21, 1975, Caracas:
Prabhupāda: Sun is always Eastern, never Western. How one can say, "Western sun?" (break) Just see. It is in the water, but the water is not over it. If the water increases, it also increases. See? There is no water on the leaf. Here you see. The water must be always down. (break) ...falling from the top of the Sumeru Hill, a big tree, and the juice, after falling down, turns into a river of mango juice. And the blackberries, they are just like the body of elephant and small seed. They also turn into river, Jambu-nada. And the both sides of the river, being moistened by the juice and dried by air and interacted by the sunshine, it becomes gold. And that gold is used for the denizens of heaven for their ornaments, helmets, bracelet, belt. Where is gold here? Paper. They cannot make even gold coins. They are reducing into poverty. In our childhood we have seen gold coin currency, silver coin. And now there is no such thing. Plastic. Paper and plastic. This is their advancement. Yes, it is a nice garden.
Room Conversation with Reporter -- March 9, 1975, London:

Prabhupāda: Yes. Kṛṣṇa consciousness. And all our books, they are very nicely being accepted...

Reporter: Yeah, I have some of them.

Prabhupāda: ...by high-class professors, universities, libraries. They are all accepting. You will be surprised to know that we are selling books, according to our Indian currency, twenty lakhs of rupees per month. Out of that, we are spending eight to ten lakhs for all our centers.

Reporter: You have centers all over the world?

Prabhupāda: Yes, all over the world. In Europe we have got so many centers. Here in London we have got two centers. Similarly, Paris, Germany, four centers. Then Sweden, one?

Morning Walk -- October 16, 1975, Johannesburg:

Prabhupāda: Money is not required. You require things. Just like instead of money, you are getting papers. Money means gold. Where is gold? You are cheated. Money means gold. So instead of possessing gold, you are possessing some paper, written there, "hundred dollars." And you are such a fool, you are satisfied. You are being cheated. Bank's check and currency notes, you keep it in your..., "Oh, here is my money." Is that money? Just see.

Morning Walk -- October 16, 1975, Johannesburg:

Devotee (2): Could he spend that money?

Prahupada: Yes. I print ten thousand dollars' worth currency note, and I give you, and I take you, actual goods from you, anywhere.

Harikeśa: The government is doing that all the time. They take contracts from people.

Prabhupāda: Yes. That is going on. Therefore price is increasing daily. Formerly British government, in the beginning, to prove their honesty, as soon as you go to the currency for changing, they will offer you, "You want coins or paper currency?" So if you think that paper currency will be convenient, you can take. Otherwise, if you want coins, they will pay you.

Morning Walk -- November 30, 1975, Delhi:

Gopāla Kṛṣṇa: So if you went and gave that...

Prabhupāda: Forty percent.

Gopāla Kṛṣṇa: But now it's no more. Now if you go with that currency the government won't give you gold. They've reduced the gold backing behind the currency now. Every day they're reducing because when they want money they just print more notes.

Prabhupāda: And you cannot hold gold also. That is illegal. Somehow or other, even if you secure gold, you cannot keep it.

1976 Conversations and Morning Walks

Interview with Jackie Vaughn (Black Congressman) -- July 12, 1976, Detroit:
Prabhupāda: Although I'm giving you a piece of paper, don't hesitate to take it. Trust in God, it will be paid. They write, "I promise to pay," but people may not have faith in this word. Actually, I'm paying you hundred rupees—or a thousand rupees-worth currency note, but actually it is paper. But only on faith and trust I'm accepting it, it is one thousand dollars. That much. In last war, the Germany, marks note were thrown in the street. And the bunch of note, taken to the confectioner, "Give me a piece of bread," There is no bread; they throw away. It happened, actually. So these notes are accepted on the understanding that the government will pay. But time may be there when government may be not able to pay. And it has become practically experienced in the last war. So everything should be done scientifically. If we say that in God we trust, then we must know what is God, whether actually we can put our faith and trust in Him, whether He is trustworthy, what is that God. This science should be introduced.
Garden Conversation -- June 22, 1976, New Vrindaban:
Prabhupāda: If you write something which you do not believe in, are you not cheating? That means cheating. You take word, you are giving a piece of paper, and it is written there, "one thousand dollars." That means you are cheating, in the name of God, he will accept you, that's all. If you say, "No, I don't want paper. Give me gold dollar," then you are finished. Your currency will be finished. Immediately there will be revolution, that "The government is cheating us." Actually it is cheating. What is the proof, value, of this paper, little paper? Simply "I promise to pay, governor and this..." But it is on trust only: "Yes, government will pay me." They'll never pay, but so long the government goes on, it will go on, that's all, cheating will go on. And as soon government fails, you throw in the street, no one will care for it. It has been practically proved in the last war, in Germany. There was scarcity of food, and those who had bunch of currency notes, they went for one piece of bread, so many thousand marks, "Give me." Nobody supplied. So the paper has no value, but if we believe, it has value, that's all.
Garden Conversation -- June 28, 1976, New Vrindaban:

Prabhupāda: Formerly in the currency, when you go to take some exchange, it was the etiquette of the teller to ask you, "What you want, silver money, gold money or paper money?" It was their duty. If you say "I want gold money," they will pay in gold money. Not only it is written in the paper, "I promise to pay," but the promise was kept. If he wants, "Give me payment in gold," they will pay. And now, to keep gold, hoarding gold, is illegal. So you cannot ask. This is going on, legalized cheating. You have to accept this paper money. That's all. Don't ask for gold. And there is no honesty at all.

Conversation with Prof. Saligram and Dr. Sukla -- July 5, 1976, Washington, D.C.:

Prabhupāda: So Kṛṣṇa is giving us facilities to preach this cult. Everywhere we have got very, very palatial buildings to accommodate devotees. Now we have got here a very nice place, accommodate devotees. Everywhere we have got. In Bombay we are getting the best temple in India. We are spending crores of rupees, Kṛṣṇa is giving us money. So I started the business with forty rupees. That was also not American currency. They allowed me to bring forty rupees. So when I was getting off the ship I asked the captain, "I have brought these forty rupees, which will not be accepted here, so you take." At that time three books I had, the first, second and third volume. So I asked him that "You purchase. Give me some dollars." So he asked, "What is the price?" "Sixteen dollars." So he gave me twenty dollars, and I delivered them. With that twenty dollars I got out down on the land of America, and that forty rupees.

1977 Conversations and Morning Walks

Room Conversation -- February 27, 1977, Mayapura:

Prabhupāda: (laughs) Yes, yes. It is very nice. I simply asking them that "Print books. Whatever money I have got in bank, let me spend." I am asking always. Always. So anyway, money is... Bhagavān is giving. Now I have asked them to invest at least five lakhs of rupees for printing these Hindi and Bengali books.

Harikeśa: I just suggested also that Gopāla Kṛṣṇa could...

Prabhupāda: Instead of keeping in the bank, keep books stock. It will save. That principles let us follow. Simply keep the book that it may not be spoiled, it may not be stolen. Otherwise it is our..., as good as government currency notes. Take that. As soon as there is money, convert it into books.

Room Conversation with Ratan Singh Rajda M.P. 'Nationalism and Cheating' -- April 15, 1977, Bombay:

Prabhupāda: That is another thing, "when we catch." Who will catch? "Bell the cat." It is going on. I know. During wartime, one Chinese man was coming from China, and one business friend, he was appointed his purchasing agent. He was giving a list of goods to purchase. And this man, whatever money he'll charge, he'll immediately-Indian currency. He'll not say, "Why so much price?" No. Then he will pack up the goods and through some channel he'll dispatch it. That is also through our way, not in the... The China is in on the border. There also, if you pay money, smuggler's rate... They try to do.

Room Conversation with Ratan Singh Rajda M.P. 'Nationalism and Cheating' -- April 15, 1977, Bombay:

Prabhupāda: Yes, that is the theory. What is the rate of economy?

Tamāla Kṛṣṇa: What is the idea...

Prabhupāda: That is called...

Tamāla Kṛṣṇa: Gold standard.

Prabhupāda: Not gold standard, but there is a technical name. That means if you print notes, currency note, immediately you have to keep stock of gold in the reserve bank. Reserve. Therefore it is called...

Tamāla Kṛṣṇa: The gold reserves.

Prabhupāda: Gold reserve. Gold reserve, yes. At least forty percent.

Conversation Pieces -- May 27, 1977, Vrndavana:
Prabhupāda: Just like the rogues and thieves, they by force take money from us, these rascal, under some law, they'll take, this government. They will live at any cost. Never mind forty rupees (indistinct) a week. They have got cheap money. Print note and give him forty rupees. What is that? "You want forty rupees? Eh, take forty rupees." This is artificial inflation. They have got power to print notes. "Pay gold forty rupees." "No, that is illegal. Take paper." Means a cheating business from the government. He's giving him piece of paper, and the rascal is thinking, "I am making one thousand rupees." Formerly, in our childhood, we have seen a currency. They will offer, "What you want, gold, silver, or currency?" These three things were offered. If you want gold coins, take gold coins. If you want silver coins, take silver. And if you want currency, you take. We have seen it.
Conversation Pieces -- May 27, 1977, Vrndavana:

Prabhupāda: You could purchase. In our family or every family, they used to purchase gold from the currency and melt it and make ornaments. There was no restriction. "Guinea gold." Gold was purchased and sold as you like. Where is that gold? Refusing gold(?) and taking.(?)

Correspondence

1966 Correspondence

Letter to Sir Padampat Singhania -- New York 18 March, 1966:

"This will acknowledge your letter of March 5,1966, in connection with the possibility of The Salvation Army paying you American dollars and having you release an equivalent amount of Indian currency for The Salvation Army work in India. It is noted that you will need $200,000/- (two hundred thousands dollars) immediately for starting your work in New York." "The Salvation Army in America rarely sends money directly to India . . ." "In the event, however, that an occasion might arise, what would be the basis of the rate of exchange? We understand that there is the official bank rate and there are other rates available to us, which are legal, but which provide more funds in Indian currency than would be provided by the official bank rate."

1970 Correspondence

Letter to Hamsaduta -- Los Angeles 23 January, 1970:

In England there are a few large cities (London, Birmingham, Liverpool, etc.) whereas in Germany the folk are spread in hundreds of towns all over Germany, and these towns are situated only short distances apart. Another hint of Germany's importance is that the German Mark (currency) is one of the stablest monetary systems in the whole world. As you have said many times previously, the Germans are a very intelligent people. Now the only problem is to reach the people in large numbers, and this will be through SKP and new temples.

1974 Correspondence

Letter to Balavanta -- Tirupati 28 April, 1974:

Yes inflation is due to paper currency. As for land ownership, in the Vedic civilization the land was given to the people for cultivation not for ownership, and a tax was collected which was 25% of the person's income. The land belonged to the state and the man would cultivate it and pay 25% to the state. If he has no income then he doesn't have to pay. If he doesn't pay tax he may be disowned of the land.

Letter to Bali-mardana -- Vrindaban 30 August, 1974:

Regarding the illegal taking of the Japanese currency from the country, do not do these things. Also stop the pen stealing. This is not good, and should be stopped. Regarding Ādi lila Chapter 6 and balance of Chapter 5 that has been sent with Bhakta das, so I have been informed. A portion of the Madhya lila has also just now been posted.

Letter to Karandhara -- Mayapur 8 October, 1974:

This whole institution was started singlehandedly without any capital. I went to your country with only Rs. 40/- and 200 sets of books. So if we take the capital of the whole business, it was the books and the Rs. 40/-. The Rs. 40/- was not even touched because Indian Rupees currency could not be spent in your country. In 1967 when I came back to India the Rs. 40/- was paid for the taxi cab. The 200 sets of books was sold, and I was maintaining myself with great difficulty. Now by the grace of Krishna books sales have increased tremendously, and whatever money we are spending it is from the books sales; or whatever money is also being squandered that is also from the book sales.

1975 Correspondence

Letter to Bhurijana -- Indre, France 11 August, 1975:

I am in due receipt of your letter dated August 1, 1975 with enclosed currency note of 50 dollars. Thank you very much. I am glad to know that you have applied for your Hong Kong visa. You were happy there, so why not return there. Pancadravida Swami is leaving to go to South America, and Gopala Krishna cannot send any man there. You started there in Hong Kong, and I have full confidence in you to make it successful.

Letter to Bhurijana -- Vrindaban 4 September, 1975:

I am in due receipt of your letter dated August 11, 1975 with enclosed currency note of $50. I thank you very much. Please keep me informed regarding your Hong Kong visa.

Letter to Bhurijana -- Vrindaban 7 September, 1975:

Please accept my blessings. This is to acknowledge receipt of your letter dated August 15, 1975 with enclosed currency note of $50 Australian. I hope this meets you in good health.

1976 Correspondence

Letter to Balarama -- Vrindaban 11 September, 1976:

I am in due receipt of your letter dated 10th August 1976 and have noted the contents. However the enclosed daksina never arrived for at customs all currencies are confiscated. Therefore do not send cash in the mails again. The beads are duly chanted upon and are enclosed within along with one brahmana thread. The names are, for Bhakta Rarmer __ Vrajaraja dasa, and for Bhakta Ted—Tribhuvanapati dasa. Jyotir Maya das has been accepted by me for second initiation.

Page Title:Currency
Compiler:MadhuGopaldas, Serene
Created:02 of Jan, 2011
Totals by Section:BG=0, SB=3, CC=2, OB=2, Lec=15, Con=23, Let=9
No. of Quotes:54