Write a note to currency system of Delhi
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In the first half of the 14th century, the Sultanate introduced a monetary economy in the provinces and districts of India. The initiation of monetary system had improved the social and economical milieu.
The second Muslim invader, Mohammad Ghori, had established control in India. The dynasty is also known as the Slave Dynasty as most of the rulers started as the slaves of Mohammad Ghori, also known as Muhammad bin Sam. After driving out the later princes of Mahmud`s family from Ghazni, the Ghoris made their capital in Lahore and struck small billon coins with the bull of the "bull horseman" type coins. Muhammad Ghori later minted gold coins in imitation of the coins that were current in the country. He placed the seated Lakshmi on the obverse side of the coin and inscribed his name Sri Muhammad bin Sam in Nagari letters. Later, his general, Muhammad bin Bakhtiyar Khilji, issued gold coins in his master`s name. These coins display a charging Turk horseman carrying mace and bore the Nagari words `Gaur-vijaye` on the obverse side of the coin. On the reverse side of the coin was a long Arabic legend. Muhammad bin Sam apparently struck no silver coins in his Indian dominion. He issued coins in billon of the "bull-horseman" type with the Nagari legend Sri Mahamad Sam on the bull side and Sri Hamira on the horseman side. These coins were well known among the Indian territories. Some billon coins issued by Muhammad Ghori had only retained one of the two devices of the bull-horseman type. Some coins were patterned in a way that they bore horseman, and some coins had the bull on the one side and an Arabic inscription on the other side. During this time, he also issued some copper coins. After Muhammad Ghori, his successor Mahmud issued some billon and copper coins.
After the demise of Muhammad Ghori, Indian positions came under control of one of his generals, Qutbuddin Aibak who was known to be the founder of slave or Mumluk dynasty. During the reigning period of Qutbuddin Aibak, no coin was found that bore his name. This is probably because he did not issue any coin in his name.