Abstract
The Mughal Empire established a single trimetallic currency with the silver rupee as its basic coin. Yet, strangely, its most commercialised penance Gujarat continued to use alongside the imperial rupee a local silver coin called ma°mødð. The paper examines how this came about and how Gujarat in effect got divided into two zones, in one of which the rupee was the main circulating medium, in the other, the ma°mødð.
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