What was the lasting impact of Akbar's currency reforms?

He created a stable and trusted currency system that facilitated long-distance trade and became the basis for Indian coinage for centuries.

Mughal Administration and Economy

UPSC Archival Analysis

Q: Given below are two statements: **Assertion (A):** Akbar, like Shershah, tried to regulate the currency of the state. **Reason (R):** As in Shershah's currency, the chief copper coin of Akbar's time was the Dam.

Akbar successfully regulated the state currency following Shershah's model, but historical analysis shows the 'Dam' was not his sole or chief copper coin in the same manner as Shershah's.

Exam Year

2019

Evidence Source

Link

ID: ART_MIS_2019_34 Ref: The Mughal Empire by John F. Richards

Given below are two statements: Assertion (A): Akbar, like Shershah, tried to regulate the currency of the state. Reason (R): As in Shershah's currency, the chief copper coin of Akbar's time was the Dam.