Foundations of the Mughal Monetary System, 1200–1600

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ID: 322018
2026
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Abstract
Abstract The Mughal monetary system’s foundations were laid in the preceding centuries. Indigenous moneys were displaced by Perso-Arabic coinage, issued by and for immigrant ruling elites and their military, administrative, and religious cadres. Forms and norms of coinage were influenced by both Indic and pan-Islamic traditions, moderated by conservative user expectations. Factors favoring local, regional, or imperial coinage varied with the forces of regionalism and centralization. The role and nature of coinage was highly dependent on the administrative structure of issuing states, their revenue systems, and military activities. Coinage was also broadly used in trade, from local to interregional and pan-Asiatic in scope. A critical factor was the supply of the coinage metals (gold, silver, and copper). These derived from recoinage, war booty, mining, and the metals trade (overland and maritime). Finally, pre-Mughal money was profoundly influenced by the commercial classes in its creation, circulation, and use.
Reference Key
openalex_W7170075637 Use this key to autocite in the manuscript while using SciMatic Manuscript Manager or Thesis Manager
Authors John S. Deyell
Journal Oxford University Press eBooks
Year 2026
DOI
10.1093/oxfordhb/9780190222642.013.40
URL
https://doi.org/10.1093/oxfordhb/9780190222642.013.40
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