Question

Write a note on the currency reforms of Shershah

Answer 1

Sher Shah Suri (1473 - 1545) or Sher Shah, as he is popularly known, is the founder of the Suri empire in North India.

After Sher Shah took over the rule, he found that the system of currency in the kingdom was ineffective. He introduced extensive measures to set this right. He ordered minting of silver and copper coins, banning all mixed metal coins which were in use till then.

These coins lasted throughout the Mughal rule and the British retained it till 1835. Sher Shah's currency reforms formed the basis of Indian currency system.