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The document discusses the hundi system in medieval Indian trade, highlighting its role as a financial instrument that facilitated long-distance commerce by allowing merchants to transfer money securely. It explains the concept of Anth, the discount rate charged for immediate cash payment against a hundi, and the importance of financial intermediaries like sarrafs in maintaining trust within the system. Additionally, it mentions other financial practices such as Bima, an insurance charge for transporting go

Author

Mitesh Naik

Language

EN