Development of money system in the Mughal Period

Authors(1) :-Parveen Jahan

The Mughal currency system was very well-organized. In the beginning of the 15th century, Shahrukh became the famous ruler of the Taimuri dynasty. A coin called 'Shahrukh' was introduced by him, which was prevalent in Central Asia and Iran. On this basis, Jahiruddin Mohammad Babar launched a coin of silver from Kabul. He introduced a coin called 'Babri' from Kandahar. He collected coins of silver and copper from the mint of Agra in 1529 AD. The coins of Babar's silver coins and the names of the four Khalifas and the names of the four Khalifas and Babar's title on the other side - Al Sultan al-Azam wa al Khakan al-Mukrram Jahiruddin Muhammad Babar was the king of the kings. It is said that Babur and Humayun continued the ancient monetary system and on the basis of that they used to coin coins of their names. Humayun's coins were like coins of Babur. All the titles of Babar were inscribed on his coins; Muhammad 'Humayun Badshah Ghazi' was inscribed only in place of Muhammad 'Babar Badshah Ghazi'. For the second time in 1555 AD, the exchange of money run by Sher Shah was broadcast on the throne. Humayun had followed Shershah's monetary system. Sher Shah reformed this monetary system. In the history of Indian currencies, the reign of Sher Shah has been called a period of trial. Historian B. A. Smith writes that "Sher Shah has the honor of establishing an improved monetary system which continued in the Mughal period and the East India Company remained in the time of 1835 AD and is the basis of the current British currency. In place of coins of mixed metals, he introduced only pure gold, silver and copper coins, which were fixed in size and size. He ran a grain of 180 grains of pure silver that was called Rupiah. Thus, in addition to all Arabic letters, the name of the Sultan was kept in civilian letters. In addition to the Sultan on some of his coins, the name of the first four Khalifahs of Islam was also mentioned. He also started a copper coin, which was called money. He also used coins of half-rupees, quarty, eighth and sixteenth pieces. Sher Shah also runs gold coins, but their number is very low. Sher Shah established the imperial mint in different parts of the empire, from which coins were issued. It is clear from his coins that how quickly he subdued the conquered territories. After his military victories, he established land system, construction of roads and establishment of imperial mints. He tried to establish a monetary system which was unprofessional. Sher Shah made commendable efforts in running gold and silver coins in addition to silver money in addition to silver money. Sher Shah is an important place in the history of currency-tunankan.

Authors and Affiliations

Parveen Jahan
Department of Medieval and Modern History, Allahabad University, Allahabad, India

Publication Details

Published in : Volume 3 | Issue 7 | September-October 2017
Date of Publication : 2017-10-30
License:  This work is licensed under a Creative Commons Attribution 4.0 International License.
Page(s) : 1292-1296
Manuscript Number : IJSRST1845394
Publisher : Technoscience Academy

Print ISSN : 2395-6011, Online ISSN : 2395-602X

Cite This Article :

Parveen Jahan, " Development of money system in the Mughal Period", International Journal of Scientific Research in Science and Technology(IJSRST), Print ISSN : 2395-6011, Online ISSN : 2395-602X, Volume 3, Issue 7, pp.1292-1296, September-October-2017.
Journal URL : https://ijsrst.com/IJSRST1845394
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