India
The earliest coins of India are the so-called punch-marked coins. These were small pieces of silver of a specified weight, punched with several dies, each carrying a symbol. These very early coins were issued at a point in time when India was still separated from the Greek world by Persia (Persia proper did not use silver coins at the time).
The Sanskrit word rūpyakam (रूप्यकम्) means "wrought silver" or a coin of silver. The term could also be related to "something provided with an image, a coin," from rūpa "shape, likeness, image." The word rupee was coined by Sher Shah Suri, a renagade governor who broke off from the Mughal Empire during his short rule of northern India between (1540–1545). It was used for the silver coin weighing 178 grains. He also introduced copper coins called Dam and gold coins called Mohur that weighed 169 grains. Later on, the Mughal Emperors standardised this coinage of tri-metalism across the sub-continent in order to consolidate the monetary system.
Read more about this topic: Silver Coin
Famous quotes containing the word india:
“There exists no politician in India daring enough to attempt to explain to the masses that cows can be eaten.”
—Indira Gandhi (1917–1984)
“India has 2,000,000 gods, and worships them all. In religion other countries are paupers; India is the only millionaire.”
—Mark Twain [Samuel Langhorne Clemens] (1835–1910)
“But nothing in India is identifiable, the mere asking of a question causes it to disappear or to merge in something else.”
—E.M. (Edward Morgan)