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2025-03-19 22:26:55 UTC
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freedommachine on Nostr: The mediterranilean societis did that. When Mediterranean societies came under ...

The mediterranilean societis did that. When Mediterranean societies came under Islamic rule in the 7th century, significant changes occurred in their monetary systems. The Umayyad Caliph Abd al-Malik (685–705) introduced reforms that replaced the earlier Byzantine-Roman coinage with purely Islamic coins, such as the gold dinar and silver dirham.
The Roman coinage, including copper-diluted fiat coins, was gradually phased out in favor of gold and silver-based Islamic currency.