Unbelievable! Indian Rupee was used in Pakistan post Independence for one year

This didn’t stop there as India and Pakistan had to struggle over other issues related to currency and coinage, management of exchange and public debt, transfer of staff and property and division of profits, assets and liabilitie

On August 15, India will celebrate its 75th Independence Day amid the deadly COVID-19 pandemic. The country became a free bird from British colonial rule in 1947 after huge struggle and sacrifices. But have you ever wondered how both the countries functioned immediately after partition? Pakistan didn’t have any central banking system then.  The unfortunate partition between both countries led to massive violence and that eventually resulted in the division of territories, powers and assets.