Monetary system of Akbar in Kashmir

Registration ID: IJNRD_188335

Published ID: IJNRD2303370

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Anoop Singh, Dr. Papinder Kumar

Keywords: Coinage, Weight and Measures, Ilahi coins, Hijri Coins

Abstract The study of the monetary system was an essential part of the economic life of the ancient world. The history of any period as a debasement of the coins, depreciation in purchasing power of the coinage, and inflation in the money supply, are all proper parts of its study. This study represents how Akbar's empire stabilizes the currency in Kashmir. One of these was the establishment of a central mint in the region, which was responsible for producing standardized coins of uniform weight and purity. This helped to eliminate the problem of counterfeit coins and ensured that the currency was consistent throughout the region. Akbar's government introduced a series of reforms to stabilize the currency in Kashmir. In Kashmir, the monetary system was based on the silver rupee, which was the standard currency used throughout the Mughal Empire. In addition to the silver rupee, smaller denominations of copper coins were also used for day-to-day transactions to further strengthen the monetary system; Akbar's government also established regulations to control the circulation of coins. This included restrictions on the export of coins from Kashmir, as well as rules governing the exchange of coins between different regions of the empire. This present study focused on Akbar's monetary reforms and how it helps to stabilize the currency in Kashmir and ensure that it was integrated into the broader Mughal monetary system.

Published Paper   E-Certificate

Anoop Singh & Dr. Papinder Kumar (March-2023). Monetary system of Akbar in Kashmir. INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT, 8(3), d525-d529. https://ijnrd.org/papers/IJNRD2303370.pdf

Volume 8 Issue 3, March-2023

Pages : d525-d529

Paper Reg. ID: IJNRD_188335

Published Paper Id: IJNRD2303370

Downloads: 000122047

Research Area: Social Science and Humanities 

Author Type: Indian Author

Country: Kishtwar, Jammu and Kashmir, India

Published Paper PDF: https://ijnrd.org/papers/IJNRD2303370.pdf

Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD2303370

Journal Name: INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT(IJNRD)

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