Administrative System of the Marathas c18.s25.32

Language: English

c18.s25.32

Though the Peshwas granted license for private mints they were by no means ready to tolerate unlicensed mints or debased coins. But in some provinces the Zamindars established their own mints and issued counterfeit coins. The most notorious in this respect was Subha Dharwar, and it was not very easy to put a stop to this corrupt practice, so profitable to the offenders. The first notice of counterfeit coins we find in a document of Balaji Baji Rao dated 1760-61.¹⁴ It states:

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