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Cash (currency)
Cash is a name for several historical currencies used in Asia. It is applied to units used in China, Vietnam, and of Madras and Princely state of Travancore in British India. It is also occasionally used to refer to the Korean mun and the Japanese mon. Etymology Tamil kācu/kāsu, Skr. ''karsha'' 'a weight of silver or gold equal to of a tulā' (Williams). The early Portuguese writers represented the native word by ''cas, casse, caxa,'' the Fr. by ''cas'', the Eng. by ''cass'': the existing Pg. ''caixa'' and Eng. cash are due to a natural confusion with CASH n.1. From an early date the Portuguese applied ''caixa'' (probably on the same analogy) to the small money of other foreign nations, such as that of Maritime Southeast Asia, and especially the Chinese, which was also naturally made into cash in English. (Yule)" The English word "cash," meaning "tangible currency," is an older word from Middle French ''caisse''. Chinese cash In China, ''cash'' - not to be confused ...
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Currencies
A currency, "in circulation", from la, currens, -entis, literally meaning "running" or "traversing" is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general definition is that a currency is a ''system of money'' in common use within a specific environment over time, especially for people in a nation state. Under this definition, the British Pound Sterling (£), euros (€), Japanese yen (¥), and U.S. dollars (US$)) are examples of (government-issued) fiat currencies. Currencies may act as stores of value and be traded between nations in foreign exchange markets, which determine the relative values of the different currencies. Currencies in this sense are either chosen by users or decreed by governments, and each type has limited boundaries of acceptance - i.e. legal tender laws may require a particular unit of account for payments to government agencies. Other definitions of the term "currency ...
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Middle French
Middle French (french: moyen français) is a historical division of the French language that covers the period from the 14th to the 16th century. It is a period of transition during which: * the French language became clearly distinguished from the other competing Oïl languages, which are sometimes subsumed within the concept of Old French () * the French language was imposed as the official language of the Kingdom of France in place of Latin and other Oïl and Occitan languages * the literary development of French prepared the vocabulary and grammar for the Classical French () spoken in the 17th and 18th centuries. It is the first version of French that is largely intelligible to Modern French speakers, contrary to Old French. History The most important change found in Middle French is the complete disappearance of the noun declension system (already underway for centuries). There is no longer a distinction between nominative and oblique forms of nouns, and plurals are indi ...
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Cash (Chinese Coin)
The cash or qian was a type of coin of China and East Asia, used from the 4th century BC until the 20th century AD, characterised by their round outer shape and a square center hole (方穿, ''fāng chuān''). Originally cast during the Warring States period, these coins continued to be used for the entirety of Imperial China. The last Chinese cash coins were cast in the first year of the Republic of China. Generally most cash coins were made from copper or bronze alloys, with iron, lead, and zinc coins occasionally used less often throughout Chinese history. Rare silver and gold cash coins were also produced. During most of their production, cash coins were cast, but during the late Qing dynasty, machine-struck cash coins began to be made. As the cash coins produced over Chinese history were similar, thousand year old cash coins produced during the Northern Song dynasty continued to circulate as valid currency well into the early twentieth century. In the modern era, these coin ...
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Robert Montgomery Martin
Robert Montgomery Martin (c. 1801 – 6 September 1868), commonly referred to as "Montgomery Martin", was an Anglo-Irish author and civil servant. He served as Colonial Treasurer of Hong Kong from 1844 to 1845. He was a founding member of the Statistical Society of London (1834), the Colonial Society (1837), and the East India Association (1867). Biography Early life Robert Montgomery Martin was born in Dublin, Ireland, into a Protestant family, the son of John Martin and Mary Hawkins; and trained as a doctor. About 1820 he went out to Ceylon, under the patronage of Sir Hardinge Giffard, a friend of his father. Travelling onwards to the Cape of Good Hope, where he arrived in June 1823; he joined the expedition of HMS ''Leven'' and HMS ''Barracouta'' under William Fitzwilliam Owen, bound for Delagoa Bay. Martin was temporarily appointed assistant surgeon, serving also as botanist and naturalist on the south-east coast of Africa, Madagascar, and Indian Ocean islands. On 10 N ...
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Paisa
Paisa (also transliterated as ''pice'', ''pesa'', ''poysha'', ''poisha'' and ''baisa'') is a monetary unit in several countries. The word is also a generalised idiom for money and wealth. In India, Nepal, and Pakistan, the ''Paisa'' currently equals of a Rupee. In Bangladesh, the ''Poysha'' equals of a Bangladeshi Taka. In Oman, the ''Baisa'' equals of an Omani Rial. Etymology The word ''paisa'' is from the Sanskrit term ''padāṁśa'' (, basic unit), meaning 'quarter part base', from ''pada'' () "foot or quarter or base" and ''aṁśa'' () "part or unit". The pesa was also in use in colonial Kenya. The colloquial term for money in Burmese, ''paiksan'' (), is derived from the Hindi term ''paisa'' (). History Chaulukya coins were often called "Gadhaiya Paise" (9th-10th century CE). Until the 1950s in India and Pakistan (and before 1947 in British India), the paisa was equivalent to 3 pies, of an anna, or of a rupee. After the transition from a non-decimal currency to a ...
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Pagoda (coin)
The pagoda was a unit of currency, a coin made of gold or half-gold minted by Indian dynasties as well as the British, the French and the Dutch. It was subdivided into 42 fanams. The pagoda was issued by various dynasties in medieval southern India, including the Kadambas of Hangal, the Kadambas of Goa, and the Vijaynagar Empire. There were two types of pagoda coined by foreign traders: *The most valuable was the star pagoda, 100 of them were worth 350 rupees, issued by the East India Company at Madras. *The second was the Porto Novo pagoda, issued by the Dutch at Tuticorin and also by the Nawabs of Arcot, and worth about 25% less than the star pagoda. The French struck local gold "pagodas" and silver "fanams" under contract by the nawabs. The silver coins of the French were called "fanon" which were equivalent to the local "fanam" and could be exchanged at the rate of 26 fanon to one gold pagoda. Kattabomman almost cleared all the revenue arrears leaving only a balance of 1080 ...
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Rupee
Rupee is the common name for the currencies of India, Mauritius, Nepal, Pakistan, Seychelles, and Sri Lanka, and of former currencies of Afghanistan, Bahrain, Kuwait, Oman, the United Arab Emirates (as the Gulf rupee), British East Africa, Burma, German East Africa (as Rupie/Rupien), and Tibet. In Indonesia and the Maldives, the unit of currency is known as ''rupiah'' and ''rufiyaa'' respectively, cognates of the word rupee. The Indian rupees () and Pakistani rupees () are subdivided into one hundred paise (singular ''paisa'') or pice. The Nepalese rupee (रू) subdivides into one hundred paisa (singular and plural) or four sukaas. The Mauritian, Seychellois, and Sri Lankan rupees subdivide into 100 cents. Etymology The Hindustani word ''rupyā'' is derived from the Sanskrit word ''rūpya'' (), which means "wrought silver, a coin of silver", in origin an adjective meaning "shapely", with a more specific meaning of "stamped, impressed", whence "coin". It is derived f ...
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Madras Fanam
The fanam (or panam in the local language of Tamil) was a currency issued by the Madras Presidency until 1815. It circulated alongside the Indian rupee, also issued by the Presidency. The fanam was a small silver coin, subdivided into 80 copper ''cash'', with the gold ''pagoda'' worth 42 fanams. The rupee was worth 12 fanams. After 1815, only coins of the rupee currency system were issued. Conversion Table Fanams were also issued in Travancore, worth 1/7 of a rupee, whilst in Danish India the ''fano'' was issued, worth 1/8 rupee, and in French India the ''fanon'' was issued, worth 1/8 rupee. See also * French Indian rupee * Danish Indian rupee * Portuguese Indian rupia The rupia was the currency of Portuguese India sometime after 1668 until 1958. Prior to 1668, the currency unit was ''Xerafim'' (''xerafin'', ''xeraphin''). In 1666, the Portuguese administration struck a silver coin calling it double ''xerafi ... References Modern obsolete currencies Coins of Indi ...
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British Rule In India
The British Raj (; from Hindi ''rāj'': kingdom, realm, state, or empire) was the rule of the British Crown on the Indian subcontinent; * * it is also called Crown rule in India, * * * * or Direct rule in India, * Quote: "Mill, who was himself employed by the British East India company from the age of seventeen until the British government assumed direct rule over India in 1858." * * and lasted from 1858 to 1947. * * The region under British control was commonly called India in contemporaneous usage and included areas directly administered by the United Kingdom, which were collectively called British India, and areas ruled by indigenous rulers, but under British paramountcy, called the princely states. The region was sometimes called the Indian Empire, though not officially. As ''India'', it was a founding member of the League of Nations, a participating nation in the Summer Olympics in 1900, 1920, 1928, 1932, and 1936, and a founding member of the United Nations in San ...
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French Indochina Piastre
The piastre de commerce was the currency of French Indochina between 1885 and 1952. It was subdivided into 100 ''cents'', each of 2~6 '' sapèques''. The name ''piastre'' (), from Spanish pieces of eight (pesos), dates to the 16th century and has been used as the name of many different historical units of currency. Denominations The currency of French Indochina was divided into the ''piastre'', ''cent'' / ''centime'', and '' sapèque'' units. One ''piastre'' equals 100 cents and one cent equals between 2 and 6 ''sapèques'' depending on the dynasty and reign era.Phạm Thăng. Tiền tệ Việt Nam theo dòng lịch sử. Toronto, Canada. Date: 1995. (in Vietnamess). Page 159. According to that ratio, a French Indochinese piastre coin is worth from 200 to 600 traditional Vietnamese cash coins. The Obverse of the banknotes and coins were inscribed in the French language, while the reverse side had inscriptions written in Traditional Chinese, Vietnamese Latin script, Lao, ...
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Chinese Yuan
The renminbi (; symbol: ¥; ISO code: CNY; abbreviation: RMB) is the official currency of the People's Republic of China and one of the world's most traded currencies, ranking as the fifth most traded currency in the world as of April 2022. The yuan ( or ) is the basic unit of the renminbi, but the word is also used to refer to the Chinese currency generally, especially in international contexts. One yuan is divided into 10 jiao (), and the jiao is further subdivided into 10 fen (). The renminbi is issued by the People's Bank of China, the monetary authority of China. Valuation Until 2005, the value of the renminbi was pegged to the US dollar. As China pursued its transition from central planning to a market economy and increased its participation in foreign trade, the renminbi was devalued to increase the competitiveness of Chinese industry. It has previously been claimed that the renminbi's official exchange rate was undervalued by as much as 37.5% against its pur ...
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Silk Road
The Silk Road () was a network of Eurasian trade routes active from the second century BCE until the mid-15th century. Spanning over 6,400 kilometers (4,000 miles), it played a central role in facilitating economic, cultural, political, and religious interactions between the Eastern world, East and Western world, West. The name "Silk Road", first coined in the late 19th century, has fallen into disuse among some modern historians in favor of Silk Routes, on the grounds that it more accurately describes the intricate web of land and sea routes connecting East Asia, East and Southeast Asia, the South Asia, Indian subcontinent, Central Asia, the Middle East, East Africa and Southern Europe, Europe. The Silk Road derives its name from the highly lucrative trade of silk, silk textiles that were Silk industry in China, produced almost exclusively in China. The network began with the Han dynasty, Han dynasty's expansion into Central Asia around 114 BCE, Protectorate of the Western Regio ...
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