Tag: East India Company
-
Half a Dub from British India, 1794
In 1766 the territory known as the Northern Circars was ceded to the British East India Company by the Nizam of Hyderabad The coins being used there were gold Pagodas, silver Rupees and copper Dubs. The Company fixed a rate of 48 dubs to the silver Rupee. However in practice the rate of exchange was…