Satyameva Jayate Satyameva Jayate "Satyameva Jayate" ( ""; lit. "Truth alone triumphs.") is a "mantra" from the ancient Indian scripture "Mundaka Upanishad". Following the independence of India, it was adopted as the national motto of India in 26 January 1950. It is inscribed in script at the base of the national emblem. The emblem and the words "Satyameva Jayate" are inscribed on one side of all Indian currency. The emblem is an adaptation of the Lion Capital of Ashoka which was erected around 250 BCE at Sarnath, near Varanasi in the Indian state of Uttar Pradesh. It is inscribed on all currency
Currency board Helena continue to operate currency boards, backing their locally printed currency notes with pound sterling reserves. A gold standard is a special case of a currency board where the value of the national currency is linked to the value of gold instead of a foreign currency. For a precise definition of what constitutes a currency board, including past examples, see: Currency board A currency board is a monetary authority which is required to maintain a fixed exchange rate with a foreign currency. This policy objective requires the conventional objectives of a central bank to be subordinated to the exchange rate