WESTERN DECCAN COINS: UPSC Daily Important Topic| 7 May 2022

∆WESTERN DECCAN COINS

✓There was a greater demand for silver currency in the western Deccan, perhaps due to commercial reasons.

✓The Kshatarapa ruler Nahapana introduced a silver currency in the Nashik area.

✓Roman gold coins also flowed into peninsular India in large quantities in the early centuries CE and may have been used as a medium of exchange for large-scale transactions or as currency reserves and capital deposits.

✓Locally made imitations of Roman gold coins have also been found. 

✓So, in the early centuries CE in the western Deccan, there was a co-existence of  Satavahana, Kshatrapa, punch-marked, and Roman coins.

✓Currencies of the western Deccan also flowed into the eastern Deccan.


UPSC Daily Current Affairs Quiz – 7 May 2022

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