The Army of the Indian Moghuls: Its Organization and Administration c4.s2.12

c4.s2.12

*Kharch-i-sikkah* was also deducted: in ‘Ālamgīr’s reign the rates were Rs. 1 12a. 0p. per cent. on Shāhjahān’s coinage, and Rs. 1 8a. 0p. per cent. on the coin of the reigning emperor. Under the rules then in force, the Shāhjahānī coins, not being those of the reigning emperor, were uncurrent, and therefore subject to a discount. Why a deduction was made on the coins of the reigning emperor, is harder to explain. It was not till Farrukhsīyar’s reign, I believe, that the coinage was called in annually, from which time only coins of the current year were accepted, even by the government itself, at full face-value.