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The use of historical money in Tibet started in ancient times, when Tibet had no coined currency of its own. Bartering was common, gold was a medium of exchange, and shell money [citation needed] and stone beads [citation needed] were used for very small purchases. A few coins from other countries were also occasionally in use.
The Tibetan tangka was an official currency of Tibet for three centuries. It was introduced by Lhasa Newar merchants from Nepal in the 16th century. The merchants used Nepalese tanka on the Silk Road. The Tibetan government began to mint the tangka in the 18th century. The first Tibetan tangka was minted in 1763/64.
China opened another mint in Lhasa in 1792, where the minting of the Sino-Tibetan tangka took place in 1792 (only pattern tangkas with inscription in Tibetan only). The Sino-Tibetan tangkas, struck in 1793 bear an inscription in Chinese, which says, Qian Long Bao Tsang (Tibetan money of the Qian Long period) on one side and its transcription in Tibetan on the other side.
While the Tibetan plateau has been inhabited since pre-historic times, most of Tibet's history went unrecorded until the creation of Tibetan script in the 7th century. . Tibetan texts refer to the kingdom of Zhangzhung (c. 500 BCE – 625 CE) as the precursor of later Tibetan kingdoms and the originators of the Bon re
The Tibetan skar was a weight unit representing a 100th part of one srang or the 10th part of one sho (i.e. about 0.37 g). The term was also used to refer to monetary units in the first half of the 20th century when copper coins were issued by Tibet (now People's Republic of China) which had the denominations 1/2, 1, 2 and half, 5 and 7 and ...
Tibetan undated silver tangka (2nd half of 18th century) with eight times the syllable "dza" in vartula script,reverse (from Tibetan tangka) Image 23 Huizi currency , issued in 1160 (from Money ) Image 24 Undated Kelzang tangka (1910), reverse (from Tibetan tangka )
The srang (pronounced "sang"; in Tibetan often referred to as "dngul srang" i.e. "silver srang") was a currency of Tibet between 1909 and 1959. It circulated alongside the tangka until the 1950s. It was divided into 10 sho , each of 10 skar , with the tangka equal to 15 skar (1 srang = 6⅔ tangka).
The history of Tibet from 1950 to the present includes the Chinese annexation of Tibet, during which Tibetan representatives signed the controversial Seventeen Point Agreement following the Battle of Chamdo and establishing an autonomous administration led by the 14th Dalai Lama under Chinese sovereignty.