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Tajuddin Ahmed endured the worst-ever slur on his political career due to an outrageous and mischievous campaign orchestrated against him very subtly from behind the scenes by his inimical party colleagues. Following his government’s return from Mujibnagar, they spread a malicious rumour that Tajuddin’s decision to get one taka denomination currency notes printed by the government of India’s Security Printing Press at Nashik had opened the floodgates for India to wreck Bangladesh’s economy. Before leaving Calcutta, Tajuddin had placed an order for printing 80 crore notes of one taka denomination...

John Matthai told the House that he had informed Ceylon and Pakistan about the devaluation of the Indian rupee but had received no response from the latter. Matthai released an announcement in the press on 19 September, a Monday, about the devaluation and the concurrence was received from the IMF by the finance ministry on the same day. However, since Monday to Wednesday were all bank holidays, the new rate became effective only on 22 September 1949.Matthai said that while he appreciated the difficulties faced by the British government, he...