RE: [Gulf Goans] REFLECTIONS: Old Currencies & Banking in Goa in the 1950's & 1060's - Bank of Baroda, Anjuna ! - by Domnic Fernandes

Wed, 14 Sep 2005 02:49:05 -0700

Dear Domnic,

 

I enjoyed reading your article very much, especially the bit about the currency and the photos with the notes and coins. Excellent. Well done. However, I am afraid you got the bit about the Gold deposited in the BNU mixed up.

 

Domnic  wrote:

>“Goans are very fond of gold.  As such, even in the olden days they
>owned a lot of gold, especially the Basurkar’s wives!  There were some people
>who deposited their gold with the ‘Banco Nacional Ultramarino’ just to find
>out that all of it was shifted to Portugal at the time of Goa’s liberation,
>and it took them some three plus decades to send it back to Goa.  In the
>meantime, many depositors passed away.”

 

I have the following questions for you:

1. When was most of the gold deposited in the BNU? (Possible replies: one specific year, in the eve of one specific event – please mention the event, etc.)

 

2. What was the main reason for all the sudden an exponential increase of Gold deposits with the BNU, i.e., why was the gold deposited there? What were people afraid of?

 

3. Did you or your family deposited any gold in the BNU?

 

4. Do you personally know anyone who has deposited gold in the BNU?

 

5. Do you know anyone who attempted to recover the Gold just after it was shifted to Portugal?

 

6. Do you really think that the gold was made available only 3 decades after?

 

7. Are you sure it wasn’t available before by contacting the BNU in Portugal? (i.e., by personally visiting BNU in Portugal or by power of attorney given to someone in Portugal to collect the gold).

 

8. If Goans deposited their gold with a Portuguese bank, would you expect the bank to abandon the gold in the hands of the invaders (call them liberators if you wish) after the bank shifted to Portugal (especially considering the turmoil that immediately followed 19 December 1961)?

 

Best regards

Paulo Colaco Dias.




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