Search results
Results from the WOW.Com Content Network
The shell most widely used worldwide as currency was the shell of Cypraea moneta, the money cowry. This species is most abundant in the Indian Ocean, and was collected in the Maldive Islands, in Sri Lanka, along the Malabar coast, in Borneo and on other East Indian islands, and in various parts of the African coast from Ras Hafun to Mozambique.
Monetaria moneta, common name the money cowrie, is a species of small sea snail, a marine gastropod mollusk in the family Cypraeidae, the cowries. [1]This species is called "money cowrie" because the shells were historically widely used in many Pacific and Indian Ocean countries as shell money before coinage was in common usage.
The cowrie was the shell most widely used worldwide as shell money. It is most abundant in the Indian Ocean, and was collected in the Maldive Islands, in Sri Lanka, along the Indian Malabar coast, in Borneo and on other East Indian islands, in Maluku in the Pacific, and in various parts of the African coast from Ras Hafun to Mozambique.
As Bengal became more prosperous and integrated into the world economy under Mughal rule, the taka replaced shell currency in rural areas and became the standardized legal tender. It was also used in commerce with the Dutch East India Company, the French East India Company, the Danish East India Company and the British East India Company.
The Indian Currency Committee or Fowler Committee was a government committee appointed by the British-run Government of India on 29 April 1898 to examine the currency situation in India. [29] They collected a wide range of testimony, examined as many as forty-nine witnesses, and only reported their conclusions in July 1899, after more than a ...
Main page; Contents; Current events; Random article; About Wikipedia; Contact us; Donate; Help; Learn to edit; Community portal; Recent changes; Upload file
The Indian rupee was a silver-based currency during much of the 19th century, which had severe consequences on the standard value of the currency, as stronger economies were on the gold standard. During British rule, and the first decade of independence, the rupee was subdivided into 16 annas .
This page was last edited on 30 December 2021, at 13:48 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike License 4.0; additional terms may apply.