I strongly believe that the Sovereignty of a nation depends on the strength of the value of the currency issued by that nation. For a strong nation it is required to have a strong national currency and a strong and stable financial systemin the country. Whatever be the value of the currency, value should not be decreased or devalued by any chance by anybody, not even by the government of that nation because the currency is the only instrument issued by the government and circulated within the nation to be used as a medium of exchange for all legal negotiations and transactions of goods and services of the people. The currency is the basis for all trades, negotiations, transactions and should always be kept and dealt with dignity, strength and esteem. If the national currency loses its value then it is understood that the very foundation of the Sovereignty of that nation has been cracked and is in peril. In India in 63 years of independence, the value of its currency devalued to such an extent that the people prefer to use any other currency other than their national currency for negotiations. Every nation prints its currency by keeping equal value of Gold as security and the price of Gold is the deciding factor for the value of its currency. The following table (Annexure 1) will give an idea of devaluation of our national currency Rupee.
.
| GOLD | Price in Rs. | Price in Rs. |
GOLD
| Price in Rs. | Price in Rs. |
| 31st March | for 10gms. | per gm. | 31st March | For 10gms. | per gm. |
| 1925 | 18.75 | 1.88 | 1996 | 5,160.00 | 516.00 |
| 1930 | 18.50 | 1.85 | 1997 | 4,680.00 | 468.00 |
| 1935 | 30.87 | 3.09 | 1998 | 4,045.00 | 404.50 |
| 1940 | 36.50 | 3.65 | 1999 | 4,235.00 | 423.50 |
| 1945 | 62.00 | 6.20 | 2000 | 4,380.00 | 438.00 |
| 1950 | 99.25 | 9.93 | 2001 | 4,190.00 | 419.00 |
| 1955 | 79.25 | 7.93 | 2002 | 5,005.00 | 500.50 |
| 1960 | 111.87 | 11.19 | 2003 | 5,260.00 | 526.00 |
| 1965 | 123.00 | 12.30 | 2004 | 6,065.00 | 606.50 |
| 1970 | 184.50 | 18.45 | 2005 | 6,205.00 | 620.50 |
| 1975 | 540.00 | 54.00 | 2006 | 8,530.00 | 853.00 |
| 1980 | 1,330.00 | 133.00 | 2007 | 9,395.00 | 939.50 |
| 1985 | 2,145.00 | 214.50 | 2008 | 12,125.00 | 1,212.50 |
| 1990 | 3,400.00 | 340.00 | 2009 | 15,105.00 | 1,510.50 |
| 1995 | 4,680.00 | 468.00 | 2010 | 18,000.00 | 1,800.00 |
Annexure 1.
From the chart it is clearly evidenced that the price of gold during the period of 1945 to 2010, a period of 65 years, has gone up by around 290 times or in other words, the value of our currency Rupee, in relation to the cost of gold, has gone down to one by two hundred and ninety (1/290) of the cost of gold. That means the value of one rupee today is equal to 1/290 of its value in 1945 or today's Rs 290 is equal to 1 rupee in 1945. For the purpose of easy valuation every nation keeps gold as reserve to print and circulate their currency in their nation.
So, 63 years of our independence brought the value of our national currency Rupee to 1/290 of its original value at the time of independence. By the process of devaluing the currency the maximum damage will be affected only to the poorest of poor people of the nation namely the farmers. In such a condition, where the value of the official national currency is NOT STEADY and is in a state of fluid and is under constant devaluation, the people of that nation tend to lose the faith in the Sovereignty of their Nation. This is a dangerous state of affair for any nation. No nation, especially which believes in Sovereign of Socialist Secular Democratic Republic, can afford to ignore this.
So the time has come for the Government of our great nation, India, to take strong steps to implement an entirely new Economic Order so that the nation can come out of this dangerous menace, which is threatening the very foundation of our Sovereignty. Otherwise we, the people of India and their nation, will be paying the heaviest penalty, including the loss of independence, for their follies. Already some of those ugly symptoms such as Border Terrorism, Economic Terrorism, Medical Terrorism and Religious Terrorism have established their presence in the country. Once these forces aggravate their presence in our society, they lead the nation to Anarchism and no government of any sovereignty, worth its name or strength will be able to either control or eradicate it from the nation.
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