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.