The ratio of exchange between the Dam and rupee was fixed at 64 to 1. Died on May 22, 1545 at Kalinjar Fort, Bundelkhand, Uttar Pradesh, India. He ruled the Mughal Empire in 1540. Photo Source V.A. [4] [6] The silver coin remained in use during the Mughal period , the Maratha era (1674–1818) [7] and in British India , as well. Photo Source After India became independent in 1947, India’s monetary system remained unchanged for a while, with 1 rupee consisting of 64 pice. His father came to know this and he wrote a letter to Jamal Khan, the Governor of Jaunpur. Sher Shah was born in 1472 AD. Rest houses (Sarai) were constructed for benefit of travelers. (Dr. Crooke) Sher Shah was undoubtedly one of the ablest rulers of India. It was based on a ratio of 40 copper pieces (paisa) per rupee. Born in 1486,he was the son of a jagirdar of Sasaram, Bihar. Later on, the Mughal Emperors standardised the coin along with other silver and gold coins in order to consolidate the monetary system across India. The name of the modern Indian currency is drawn from the same. Sher Shah constructed several roads to connect various parts of India. Some Indian states minted the coin till their accession to India in 1947. His rival, Sher Shah began his coinage by employing newer weight standards and terms; the silver coin was christened ‘Rupaiya’ a term still current in modern India! But in criminal cases, uniform Islamic law was applied to all. Born on 1486 at Sasaram, Bihar, India. Sher Shah Suri appointed Qazi & Mir Adil to try the cases of judicial cases. Several taxes were being collected from merchants, traders & manufacture when Sher Shah came to power. Suri also introduced copper coins called dam and gold coins called mohur that weighed 169 grains (10.95 g). Recruitment: He did not depend on the Jagirdars for the supply of soldiers whenever needed by the Sultan. He didn’t interfere in the education system of Hindus. After his formal coronation, Sher Shah Suri issued coins in silver and copper and eliminated the billon from the series of Indian coins. Sher Shah Suri (1540–1545), re-introduced the silver coin rupiya, weighing 178 grains. jital-Smallest coin of copper It was equal to the 25th part of the price. Before publishing your Article on this site, please read the following pages: 1. He maintained a direct link and made them direct loyal to him and not through jagirdars. It comes from the Hindi word rupīyā, which refers to the same thing the English word does: a currency used in India, Pakistan, and much of Southeast Asia. Sher Shah Suri abolished all these currencies & issued two new currencies made up of silver & copper. PreserveArticles.com is an online article publishing site that helps you to submit your knowledge so that it may be preserved for eternity. He also introduced new copper coins called as Dam which was continued by Humayun, Akbar and other Mughal emperors. It continued to be minted, with altered inscription, by the Mughals and then by the British till 1913. As part of this, Sher Shah introduced a new denomination of silver coin: the rupee. Sher Shah initially referred to education for Muslims. Although the Suri dynasty ruled for only a short period i.e. Gold coins were also introduced. The king got daily report from different part of the country. He introduced a silver rupiya of standardised weight that retained its basic form into the 20th century. Born in 1472, his original name was Farid. Despite being a despotic ruler, Sultan Sher Shah Suri initiated various welfare measures for benefit of the people. Deflection of Winds, Oceanic Currents & Coriolis Theory, Sectors of Economy: Primary and Secondary. Smith rightly observes: "it is the basis of the existing British currency" (up to 1947). Coins of Sher Shah Suri The coins and currency reforms of Sher Shah Suri (Sher Khan) are one of his most outstanding achievements. Sher Shah emperor of north-eastern India (1540-1545) and founder of the Sur dynasty, was the son of Hasan Khan Sur, Jaigirdar of Sasaram (in Bihar). Besides this, there were a large series of mint less silver and copper coins which formed the currency during the early period of his conquests and consolidation of his rule. Sher Shah abolished the various duties which were levied at the frontiers of every province. At the Battle of Kannauj in 1540 A.D. Sher Shah routed the Mughal forces under Humayun. B. Sher Shah first introduced a silver currency called Rupya, weighed 178 grains (11.5342 grams, 1 grain = 64.7989 grams = 0.0647989 mg) and Akbar continued to issue the Rupya with his own name inscribed. An ethnic Afghan, Sher Shah took control of the Mughal Empire in 1538. Land grants were issued by him to the man of learning & religion. Shiqdar was the head of Sarkar and head of pargana administration. Sher Shah introduced a gold coin weighing 169 grains or 10.95 grams and called it ‘Mohar’. It was called phulos or money. Sher Shah, a grade-10 student was present in the auditorium along with his brother, Ahmad Shah of grade-8 when the terrorists attacked the hall. Sher Shah Suri was benevolent ruler and was one of the greatest administrators of medieval India. The purpose of punishment was not to reform the criminal but to set the example for others. 2017 UPSC CAPF Answer Key 2017 Who is Who 2020 Sher Shah was more optimistic as well as a practical leader as compared to other previous leaders who enjoyed the benefits of the thrones of Delhi. The object was to facilitate trade in the country. He had the genius to see that government must be popularised and that the king must govern for the benefit to his subjects”. The man who gave the Mughals many sleepless nights and defeated Humayun, Sher Shah Suri’s short 7 years (1538-45 CE) tenure on the throne was impactful. However, the system could not be introduced in Multan, Malwa and Rajasthan where the Jagirdari system continued to exist. Following are some of the main instances of Sher Shah’s military strategy. Sher Shah Suri divided his empire into 47 sarkars. His original name was Farid Khan. The concept of the tri-metallic coinage system which became characteristic to the Mughal coinage was introduced by Sher Shah. He overthrew the Mughal rule in A.D. 1540 and once again revived the Aghan rule. He introduced the currency of rupee. Among his many reforms was a complete overhaul of the monetary system. Akbar (1556 AD – 1605 AD) Akbar, his son, succeed him in 1556 AD. Nissar- 4. Sher Shah defeated Humayun in Kannauj (1540 AD) and Humayun passed the next twelve years in exile. So much so, that even today we have a lot to thank him for - take for example his currency reforms and the name he gave his currency the Rupiya. The administrative system of Sher Shah Suri was so efficient that there was peace & security everywhere & crimes were rare. Sher Shah’s system was adopted by Akbar who ditched the Shahrukhi for the rupaiya and also introduced gold coins called asharafi (mohurs). A rupee was divided into 40 dams. Its use was continued by the Mughal rulers. Different types of mixed currencies were in circulation. All the articles you read in this site are contributed by users like you, with a single vision to liberate knowledge. This was the first time this denomination was used and, obviously, its use has continued to this day. He was the founder of the Suri Empire in North India, with its capital at Delhi. Sher Shah introduced comprehensive land reforms. Privacy Policy Land Revenue System of Sher Shah Suri The historical importance of land revenue system of Sher Shah Suri (Sher Khan) lies in the fact that they formed the starting point of the series of experiments what marked the first half of Akbar’s reign. It continued to be minted, with altered inscription, by the Mughals and then by the British till 1913. Akbar also followed these practices and organized the army on efficient lines with some changes as he introduced mansabdari system. Interestingly, the money is still known by the name of Rupya in India. There was another difficulty, namely, that coins of all previous reigns, in fact of all ages, were allowed to circulate as legal tender. (a) Man Singh (b) Todarmal (c) Bhagwant Das (d) Birbal 191. The armies of the Lodhis were of the clannish feudal type, consisting … Like Babur, the story of Sher Shah Suri’s rise to power is romantic and interesting. After his accidental death in 1545 while sieging the Kalinjar fort , his son, Islam Shah, became his successor. Silver currency issued by him is known as Rupaiya. He believed in the maxim “Everything is fair in love and war”. He stopped the use of billon and introduced tri-metallic coinage which was adopted by Akbar and the later Mughals. 4. This trimetallic currency had the following market exchange rate: 35 to 40 dams were equal to one silver rupee and 9 silver rupees were equal to 1 asharafi or mohur. Sher Shah introduced a new system of Lr assistance known as the Zabti system. At the time of Sher Shah Suri to the throne of Delhi. The 4th road built by Sher Shah connected Lahore to Multan. His Administration. He introduced the currency of rupee. Whether or not this is true, what is clear is that Sher Shah was one of the greatest Muslim rulers of India. The Sarai was used as Dak Chauki (PO). Sher Shah introduced Dagh and Chehra system. The first “rupee” is widely believed to have been introduced by Sher Shah Suri (1486–1545).The assumption is based on a ratio of 40 copper pieces (paisa) per rupee.During his brief five-year rule (540-1545), Sher Shah Suri issued a standardised silver coin called Rupiya. The first "rupee” was first introduced by Sher Shah Suri. Born in A.D. 1472, in the family of a jagirdar of Sasaram in Bihar and named as Farid.He went to Jaunpur, which was in those days a seat of Islamic learning and acquired knowledge in both Arabic and Persian. What is QRSAM System (Quick Reaction Surface to Air Missile System)? This enabled him to familiarize with the strength and weaknesses of the Mughal army. Sher Shah constructed 1700 sarais at a distance of every Kros. The first duty was levied when the goods were brought into the country and the second was levied when the goods were sold. His empire consisted of the whole of North India except Assam, Nepal, Kashmir and Gujarat. This was more interesting than I’d thought it would be. Disclaimer Sher Shah Suri defeated Sultan Mahmud Shah of Bengal (Battle of Surajgarh) He adopted the title of Sher Shah Suri after defeating Humayun in the Battle of Chausa in 1539. PreserveArticles.com: Preserving Your Articles for Eternity, Essay on Currency and tariff during the Sur Empire, Short Essay on Sher Shah Suri (1540 AD to 1555 AD), Short Essay on Sher Shah’s Military Strength, Get Complete Information on Police Administration of Sher Shah, Biography of Islam Shah the Successor of Sher Shah, Sher Shah’s Charity and Educational Activities, Controlling in Management # Meaning, Definition, Types, Process, Steps and Techniques. The currency reforms of Sher Shah were so lasting i.e. Paper money was first used in China over 1000 years ago. “Sher Shah was we first Musalman ruler who studies. ‘Rupiya’, the name for a silver coin of a standard weight of 178 grains, which was the precursor of the modern rupee, was introduced during his reign. Until the middle of the 20th century, Tibet 's official currency was also known as the Tibetan rupee. Sher Shah was a good general and administrator. Sher Shah Suri was succeeded by his son Islam Shah (Jalal Khan) Islam Shah died in 1553 and the Afghan empire was weakened. One of the most prominent factors was the Sher Shah’s duty in the Babur Army. The first coins were minted (made) around 2500 years ago. Sher Shah Suri introduced the silver rupee which weighed 11.6 grams. The sarkars were divided into Parganas. There was debasement of the current coins and the absence of a fixed ratio between the coins and various metals. In 1555, after Sher Shah’s death, Humayun regained the throne from his weak successor. The coins of his era were issued from different parts of India. Updates & Alerts ↴ UPSC Answer Key 2019 UPPSC 2018 Answer Key Complete List of Ministers In Modi Govt. He issued coins in silver and copper in his own name from a number of places. In case, the officer’s faith in catching the criminal they were punished by him. Sher Shah Sur (1540-1545) Sher Shah waged extensive wars with the Rajputs and expanded his empire. Sher Shah Suri was an able administrator. Sher Shah Suri, originally named Farid, was the grandson of an Afghan noble who had come to India to serve Bahlul Shah Lodi. His army included 1, 50,000 cavalry, 25,000 infantry, 3000 war elephants, and a part of artillery. Sher Shah Suri is the unique emperor in medieval history. Payment in cash: The soldiers were paid in cash whereas most of the officers were given the jagirs. The names on the coins were given in Devanagari script. He left home at an early age and took service under Bahar Khan Lohani, Sultan of Bihar, who gave him the title of Sher Khan (meaning Tiger Lord) for his courage and valour. The first paper currency issued by RBI was a 5 rupee note bearing King George VI’s portrait, in January 1938. He left home at an early age and took service under Bahar Khan Lohani, Sultan of Bihar, who gave him the title of Sher Khan (meaning Tiger Lord) for his courage and valour. Copyright. He introduced the 'Rupaya' or 'Rupee' which is the offcial currency in India, Pakistan and some other states. PreserveArticles.com is a free service that lets you to preserve your original articles for eternity. Allah controls the destinies of people at His discretion, and it is not up to us to understand why events often take one turn or another. ‘Sati’ of Hindu women was prohibited during the reign of which Mughal emperor? For communication of secret information, aspies were appointed by Sher Shah. During childhood, he did not get along with his father who had several wives. The sarais were also used as Dak- chowki. He reduced custom duties and built an excellent connection of roads, including Grand Trunk Road in Bihar, which was 1,600 miles (2500 Kilometers) long. rupaiya continued throughout the Mughal period as well as East India Company for a long time (till 1883). Sher Shah established a large standing army and introduced several reforms to make it disciplined, efficient and strong. Sher means a tiger in Urdu or Hindi . Sher Shah Suri or Sher khan, was the founder of Sur dynasty in India. He introduced many reforms and on that basis Akbar built a superstructure of Mughal administration. His grandfather, Ibrahim Khan Suri and his father Hasan Khan Suri migrated from Afghanistan to India during the reign of Sultan Bahlot Lodi (1451-1489). 3) First coin with name 'Rupee' was introduced by Sher Shah Suri in 1545 4) The coins issued after 1840 bore the portrait of Queen Victoria 5) Acute shortage of silver during the First World War, led to the introduction of paper currency of One Rupee He was the son of Hasan Khan, a jagirdar of Sasaram in Bihar . Farid acquired the name Sher Shah from supposedly having once killed a tiger with his bare hands. Sher Shah based his administration on the principle of a welfare state. There was a separate arrangement for Hindus & Muslims in these rest houses. It was a silver currency weighed 178 grains. The first "rupee" is believed to have been introduced by Sher Shah Suri, based on a ratio of 40 copper pieces (paisa) per rupee. Sher Shah Suri followed the system of local responsibility. A Dam was a small Indian copper coin. Ancient India in circa 6th century BC, was one of the earliest issuers of coins in the world, along with the Chinese wen and Lydian staters. This rupee minus its inscription lasted throughout the Mughal period and was retained by the English East India Company up to 1835. Ans. Sher Shah ran towards his … Sher Shah’s diplomatic surrender to Humayun at Chunar fort. His silver rupee coins weighed 180 grains, of which 175 grains were pure silver. Some Indian states minted the coin till their accession to India in 1947. Only two duties were allowed. There was debasement of the current coins and the absence of a fixed ratio between… Read more He consolidated his power practically the whole of North India in a few years. The currency reforms of Sher Shah were so lasting i.e. One road was built to connect Agra with Burhanpur & other road connected Agra with Jodhpur. Sher Shah Suri founded the Sur Empire in North India having its capital at Delhi. Mongols and Tamerlane were the most efficient warriors at that time who were known for their raiding skills during the war. Trade roots are safe & merchants were not required to worry about the safety of belongings. 2. Supplementary armies: Besides the standing army under the direct command of the Sultan, provincial governors, nobles, and subordinate rulers were also allowed to maintain their separate armies. All internal customs were abolished. Sher Shah’s pretense of withdrawing but a sudden attack at Humayun in the battle of Kannauj. What was the real name of Sher Shah Suri? An ethnic Pashtun, Sher Shah took control of the Mughal Empire in 1540 after defeating Moghul king Humayun. Raising the cry of ‘jihad’ to infuse enthusiasm among his soldiers. Sher Shah placed considerable emphasis on justice, as he used to say, “Justice is the most excellent of religious rites, and it is approved alike by the king of infidels and of the faithful“. Despite many attempts to introduce the sterling pound in India, the rupaiya grew in popularity and was even exported as a currency to other British colonies. There was no fixed ratio between the coins of various metals. The First ever silver rupee coin was issued by Sher Shah. Sher Shah introduced a new coin called Dam. He reigned from 1556 to 1605 and extended Mughal power over most of the Indian subcontinent. In civil cases, Hindu laws were applied to Hindu & Islamic law was applied to Muslims. 3. Shēr Shah of Sūr, original name Farīd Khan, (born 1486?, Sasaram [India]—died May 22, 1545, Kalinjar), emperor of north India (1540–45) in the Islamic Sūr (Afghan) dynasty of 1540–57 who organized a long-lived bureaucracy responsible to the ruler and created a carefully calculated revenue system. Sher Shah introduced comprehensive land reforms. Sher Shah was a secular ruler who practised tolerance and welfare. These were attached to the mosque. Who among the following Hindus first joined Din-i-Ilahi / Tauhid-i-Ilahi? According to Abbas Khan Sarwani, even an old woman could walk in the middle of the night with a basket full of gold & nobody dare to touch her. 2. By killing a tiger alone he got the title ‘Sher’. The coin was first introduced by Sher Shah Suri during his rule of India between 1540 and 1545, along with Mohur, the gold coin and Rupiya the silver coin. So much is he famous for this supposed achievement, that even today, it is called Sher Shah Suri Marg. Sher Shah was a past master in adopting successful war tactics. His first conflict was with Hemu, a general of Adil Shah, when he was just 13 years old. Sowing dissensions in Maldev’s army by forged letters. Sher Shah Suri (1486 – 22 May 1545), born Farīd Khān, was the founder of the Suri Empire in the northern part of the Indian subcontinent, with its capital in Sasaram in modern-day Bihar. Interestingly, the money is still known by the name of Rupya in India. He was the first Muslim ruler of India who displayed a real aptitude for civil government. Sher Shah Suri is named as the builder of Grand Trunk Road, the east west road, which connects Bengal to Punjab. In order to preserve the unity of his empire, Akbar adopted programs that won the loyalty of the non-Muslim populations of his realm. Descriptive identification: To check fraudulent practices in the army in inflating the figures of soldiers and horses, Sher Shah adopted the practices of maintaining the description (huliya) of the soldiers and that of branding (dag) of the horses. A relay system was used for the transportation of posts. Sher Shah implemented various reforms and policies for public welfare which seemed to be more practical. About : Sher Shah Suri was one of the few great and benevolent rulers India has seen. Born in 1472, his original name was Farid. Short Biography of Sher Shah Suri Sher Shah Suri was the first King of Sur Empire. Farid acquired the name Sher Shah from supposedly having once killed a tiger with his bare hands. Every soldier had his chehra (face) recorded and his horse branded with imperial sign. Belonging to the communities of Hindus as well as Muslims. Separate code established for civil & criminal cases. The great emperor Akbar followed the techniques of Sher Shah’s administration while consolidating the Mughal Empire. By the time the British East India Company set itself up in India in the 1600s, Sher Shah’s silver rupiya had already become the popular standard currency in the country. A perfect example of square tomb of the Pathan style it was constructed under the supervision of Shaikh Ahmad Niyazi. Match the following : Answer: C. Choose the correct answer: 1. CSIR-SERC Develops an Indigenous ERS System for Power Failures, Charlie Hebdo: All You Need To Know About French Satirical Magazine, Priyanca Radhakrishnan will be the 1st Indian-born Minister in New Zealand’s Cabinet, National Green Tribunal notice to Centre to ban firecrackers from Nov 7-30, Basic Exchange and Cooperation Agreement (BECA) signed by India and United States. Sher Shah Suri: Sher Shah is rated as one of the greatest rulers of India. He also abolished the old and mixed metal currency. Akbar continued to issue the Rupya with his own name inscribed. The founder of the Sur dynasty was Sher Shah, whose original name was Farid. ET traces the history of rupee from the British era to now. When Humayun took over Sher Shah Suri, he retained the coinage system introduced by Sher Shah Suri. The word ‘rupee’ has been derived from the Sanskrit word rupyakam, meaning a silver coin. He introduced many reforms and on that basis Akbar built a … He abolished all these taxes & collected only two taxes. It was at Narnaul id 1486 that he was blessed with a child named Farid (later famous Sher Shah Sur). Sher Shah took the following measures to strengthen his army. Madrasas were centers for higher learning. He ran away and got service under Governor of Jaunpur (Uttar Pradesh) Jamal Khan . (a) Jahangir (b) Shah Jahan (c) Akbar (d) Aurangzeb 197. Who completed the Qutab Minar? The punishment was severe. Arriving at some sort of understanding with the ruler of Gujarat and keeping Humayun engaged in conflict with him. After his final defeat, Humayun had to pass nearly fifteen … Humayun defeated many Afghans but the Afghan Sher Shah Suri proved to be the most formidable enemy of Humayun and in 1539, at the Battle of Chausa, Sher Khan defeated Humayun and assumed the title of Emperor of India under the name Sher Shah. Mostly Afghans in the army: He recruited mostly Afghan soldiers from every part of the country and also from Afghanistan and gave them important posts in the army. Trees were planted near the roads. Before going through the various reforms and policies which was introduced by Sher Shah Suri during his regime, one needs to understand the factors responsible for the military achievement against the Mughals who were the descendants of Tamerlane and Mongols. Land Revenue System of Sher Shah: Before Sher Shah… Sher Shah re-established law and order across the length and breadth of his empire. Due to ill-treatment of his step-mother, Sher Khan… Read more The in-charge of the post office was known as Daroga-i-Dag Chauki. The currency system had debased. The currency system at the time of his accession to the throne was in a hopeless condition. So it is important to understand how an afghan warrior was able to defeat this defined highly skilled warrior. Sher Shah carried out full-scale reforms in the country, introduced the rupee as the Indian currency and created a powerful state, however, Allah took his life during one of the military campaigns (Sher Shah died from the explosion of his own ammunition depot) after which his son could not retain the throne and lost the war to Humayun. Sher Shah also issued copper coins from different mints. It was a square or a square piece of pure silver (it was introduced by Sher Shah) and weighed 175 grains. Sher Shah Suri, originally named Farid, was the grandson of an Afghan noble who had come to India to serve Bahlul Shah Lodi. Going back from his promise with Rajput ruler Purnamal Chauhan and sudden attack by Sher Shah on him. Sher Shah first introduced a silver currency called Rupya, weighed 178 grains (11.5342 grams, 1 grain = 64.7989 grams = 0.0647989 mg) and Akbar continued to issue the Rupya with his own name inscribed. Its basic features were as follows: (a) The system which Sher Shah introduced in most of the places was Ryotwari wherein the state kept direct relations with the peasants for the assessment and collection of the land revenue. Humayun, defeated and overthrown, had to flee to Iran. Sher Shah first introduced Rupya. Sher Shah introduced a gold coin weighing 169 grains or 10.95 grams and called it ‘Mohar’. Sher Shah had worked for some time in the army of Babur. Farid served under the Afghan governor of Bihar, Bahar Khan Lohani, Bahar Khan gave him the title Sher Khan for his bravery (as he killed a tiger). The names on the coins were given in Devanagari script. Sher Shah captured Delhi and established his own dynasty known as the Suri dynasty. 15 years, it introduced an administration that borrowed elements from Alauddin khalji and made them more efficient. Jalali-Quadruple Akbar launched it. Planting of trees & digging wells & construction of public rest houses could be also considered as a welfare measure of Sher Shah. Sher Shah reformed the postal system as well. Sher Shah Suri was benevolent ruler and was one of the greatest administrators of medieval India. At present, it is known as the Grand Trunk (GT) road. Sher Shah emperor of north-eastern India (1540-1545) and founder of the Sur dynasty, was the son of Hasan Khan Sur, Jaigirdar of Sasaram (in Bihar). Akbar, the greatest of the Mughal emperors of India. His original name was Farid. The most important road built by Sher Shah connected Sonar Gaon in Bengal with the Indus River (Takshila). The first tax was collected at the stage of the manufacturing of items. Sher Shah Suri found on his accession that the currency system had practically broken down. His original name was Farid. Wells were dug for making the provision of drinking water. They played an important part in the expansion of Trade and commerce. 5. 3. Sher Shah Suri (1486 – 22 May 1545), born Farīd Khān, was the founder of the Suri Empire in India, with its capital in Sasaram in modern-day Bihar. His administration has been centralised administration just like sultanate period. He is remembered for his revenue reforms and military reforms, which were on the same lines as that by Khilji. Sher Shah defeated Humayun at Chausa (1539) and again at Kanauj (1540). During his five-year rule from 1540 to 1546, Sher Shah Suri set up a new civic and military administration and issued a coin of silver, weighing 178 grains, which was also termed the Rupiya. Free kitchens were established by him to feed the poor & hungry. rupaiya continued throughout the Mughal period as well as East India Company for a long time (till 1883). The learning of Persian & Arabic was imparted in these institutions. The peace & security prevailing during Sher Shah Suri’s reign contributed too big to the growth of trade & commerce. Discipline in the army: In the words of Qanungo, “The severe discipline in Sher Shah’s camp in one campaign was sufficient to turn a raw recruit into a seasoned veteran”. Sher Shah’s second monumental achievement was to create a new system of currency. Gold coins were also introduced. Strength: Sher Shah maintained a strong standing army at the center like Ala-ud-Din Khalji. The corruption was checked by the dagh ( branding ) system. TOS Silver currency issued by him is known as Rupaiya. daam-The copper coin run by Akbar which was equal to the 40th part of the rupee. Sher Shah issued land grants to the education institution of both the Hindus & Muslims. Today, the Reserve Bank of India issues currency under the RBI Act 1934. It owes its origin to rupiya, issued by Sher Shah Suri in 1540-45.
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