History of the Qaraunah Turks in India c8.122

c8.122

The new coin became legal tender along with the other circulating media, but the state failed to make the issue of the new coins a monopoly of its own. The result was, as the contemporary chronicler observes in right orthodox fashion, that the house of every Hindu was turned into a mint, and the Hindus in the various provinces coined lakhs and crores of such coins.⁵⁹ Forgery was freely practised; and the people paid their taxes in the new coin and purchased horses, arms, fine apparels, and other valuable articles. The