Question

Write a note on the Mughal Currency System

30 Aug 2021
Answer :
Word Count : 635

The Mughals had a well-organized and sophisticated monetary system. The imperial coinage was unprecedented both in quantity as well as in quality. The credit for attempting to establish a coinage free from any trace of debasement goes to Sher Shah, but it was under Akbar that the currency system fully matured. Mughal Empire had a til-metallic currency with a high level of purity and uniformity throughout their vast empire. They coined gold. silver and copper. However, the silver coin was the base of the Fiscal and Monetary System. The silver coin has a long pre Mughal history. It was used during Delhi Sultanate for long as tanka. Sher Shah for the first time standardized the silver coin. It was call rupaya and had a weight or 178 _____ _____ _______ ____ ____ ________ ________ ___ ____ ____.
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