What was the purpose of 'Negama' coins?

They were issued by merchant guilds (Nigamas) for local trade, serving as specialized currency for commercial transactions within a specific city like Taxila.

Indian Coinage (200 BCE - 300 CE) | Guilds & Kings (2022 PYQ)

ID: ART_MIS_2022_94 Ref: Early India by Romila Thapar

Which one of the following statements about coins struck during 200 BCE to 300 CE in the Indian sub - continent is not correct?

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Correct Option: D

The statement that the absence of Negama coins suggests the decline of merchant guilds is incorrect. Guilds remained powerful economic entities throughout this period.