Introduced uniform monitory system
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Explanation: Sher Shah Suri, during his five-year rule from 1540 to 1545, set up a new civic and military administration and issued a coin of silver, weighing 178 grains, which was also termed Rupiya. The silver coin remained in use during the Mughal period, Maratha era as well as in British India.
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Uniform Monetary system
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- Uniform monetary system can be used to denote a system where same currency is used all over the territory.
- These monetary systems are found in places which have currencies or money as a medium of exchange.
- Uniform monetary system cannot prevail in any economy or business model which follows barter system because it is difficult to keep a record of commodities.
- A uniform monetary system ensures transparency and proper measurement of all the projects and developmental activities undertaken.
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