The British influence was felt far and wide during this period. The coinage of British India, particularly the smaller denominations, were widely used for small
everyday trading, whilst silver and gold coins were used for larger, more important transactions. Pearl divers were often still paid in Maria Theresa thalers.
Banknotes issued by the Government of India, the Reserve Bank of India and the Republic of India reveal that the economies of the region were not yet strong enough to warrant their own currencies.
The Gulf Rupee, issued by the Indian government was not freely convertible and mistrusted by traders in the Gulf.
George V - Government of India
Edward VII and George V
Indian external - Governor Lengar
British India coinage
Qatar and Dubai Currency Board 1963 - 73
Government of India - Naye paise coinage
Government of India - Rupee/anna coinage
Saudi Arabian Monetary Agency - 1st issue