Currencies of the Indian Ocean World

This book is the first to trace the unique monetary history of the Indian Ocean World. Long-distance trade across the region was facilitated by a highly complex multi-currency system undergirded by shared ideas that transcended ethno-linguistic, religious

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Currencies of the Indian Ocean World Edited by Steven Serels · Gwyn Campbell

Palgrave Series in Indian Ocean World Studies Series Editor Gwyn Campbell Indian Ocean World Centre McGill University Montreal, QC, Canada

This is the first scholarly series devoted to the study of the Indian Ocean world from early times to the present day. Encouraging interdisciplinarity, it incorporates and contributes to key debates in a number of areas including history, environmental studies, anthropology, sociology, political science, geography, economics, law, and labor and gender studies. Because it breaks from the restrictions imposed by country/regional studies and Eurocentric periodization, the series provides new frameworks through which to interpret past events, and new insights for present-day policymakers in key areas from labor relations and migration to diplomacy and trade. More information about this series at http://www.palgrave.com/gp/series/14661

Steven Serels  •  Gwyn Campbell Editors

Currencies of the Indian Ocean World

Editors Steven Serels Martin Luther Universität Halle-Wittenberg Halle, Germany

Gwyn Campbell Indian Ocean World Centre McGill University Montreal, QC, Canada

Palgrave Series in Indian Ocean World Studies ISBN 978-3-030-20972-8    ISBN 978-3-030-20973-5 (eBook) https://doi.org/10.1007/978-3-030-20973-5 © The Editor(s) (if applicable) and The Author(s), under exclusive licence to Springer Nature Switzerland AG 2019 This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. Cover illustration: Michele Burgess / Alamy Stock Photo This Palgrave Macmillan imprint is published by the registered company Springer Nature Switzerland AG The registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland

Contents

1 Introduction: The Indian Ocean World Currency System  1 Steven Serels 2 Major “International” Currencie