East India Business coinage got both Urdu and you can English talking about they, to assists its use within the new trade. In the 1671, the newest directors of one’s East Asia Business bought a perfect so you can be dependent in the Bombay, labeled as Bombaim. In the 1677 this is approved from the Crown, the fresh coins, with acquired royal approve, were hit since the silver rupees; the brand new inscription runs “The new rupee of Bombaim”, by the power away from Charles II. Inside economics, cash is cash in the brand new actual type of money, for example banknotes and you may coins.

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