The Legacy of Muslim Rule in India c7.s2.9

c7.s2.9

The extent of this loss can be gauged from the fact that no coins (*dramma*) of Jayapal, Anandpal or Trilochanpal have been found.⁴⁸ The economic effects of the loss of precious metals to India had a number of facets. The flow of bullion outside India resulted in stablizing Ghaznavid currency⁴⁹ and in the same proportion debasing Indian. Consequently, the gold content of north Indian coins in the eleventh and twelfth centuries went down from 120 to 60 grams.⁵⁰ Similarly, the weight and content of the silver coin was also reduced. Because of debasement of coinage Indian merchants lost their credit with foreign merchants.⁵¹