[Pramāṇa](https://indike.org/pramana/) › [Indian literature](https://indike.org/pramana/in) › [Dark Ages](https://indike.org/pramana/in.darkages) › [General histories](https://indike.org/pramana/in.darkages.general) › [Tārīkh-i Firishta](https://indike.org/pramana/in.darkages.general.tarikh-i-firishta) › [History of the Rise of the Mahomedan Power in India (Briggs)](https://indike.org/pramana/in.darkages.general.tarikh-i-firishta~en-briggs) › 40.1.7 # Firishta's History (Gulshan-i Ibrāhīmī) 40.1.7 History of the Rise of the Mahomedan Power in India (Briggs) 40.1.7 - **Language:** English ### [40.1.7](https://indike.org/pramana/in.darkages.general.tarikh-i-firishta~en-briggs.40.1.7) The copper money, for want of proper regulations, was productive of evils equal to those already specified. The King, unfortunately for his people, adopted his ideas upon currency from a Chinese custom of using paper on the Emperor's credit, with the royal seal appended, in lieu of ready money. Mahomed Toghluk, instead of stamped paper, struck a copper coin, which he issued at an imaginary value, and caused it to pass current by a decree throughout Hindoostan. The mint was under bad regulations. Bankers acquired large fortunes by coinage. Foreign merchants made their payments in copper to the home manufacturers, though they themselves received for the articles they sold silver and gold in foreign markets. There was so much corruption practised in the mint, that for a premium to those persons who had the management of it, merchants had their coin struck considerably below the legal value; and these abuses were connived at by the government. The great calamity, however, consequent upon this debasement of the coin arose from the known instability of the government. Public credit could not long subsist in a state so liable to revolutions as Hindoostan; for how could the people in the remote provinces receive for money, the base representative of a treasury that so often changed its master? - [Previous: 40.1.6](https://indike.org/pramana/in.darkages.general.tarikh-i-firishta~en-briggs.40.1.6) - [Next: 40.2.1](https://indike.org/pramana/in.darkages.general.tarikh-i-firishta~en-briggs.40.2.1) - [Up: 40.1](https://indike.org/pramana/in.darkages.general.tarikh-i-firishta~en-briggs.40.1) --- Source: [https://indike.org/pramana/in.darkages.general.tarikh-i-firishta~en-briggs.40.1.7](https://indike.org/pramana/in.darkages.general.tarikh-i-firishta~en-briggs.40.1.7) · Pramāṇa