Money and its Relationship to Price Movement in the Maritime Mamluk State (648-784 AH / 1250-1383 CE)

Abstract

Islamic coins are considered among the most important economic history for they contain phrases, ornaments and nicknames. Names are considered as important records for many political, social, religious and economic events which Islamic world witnessed. They also represent one of the financial resources which have no suspicion in a sense that they corrected many concepts which were taken wrongly by historians. Because of the importance of coins in studying commercial activity of Mamalik state, we choose it as a subject of study. Trading goods prices are connected with current monetary coins in Mamloki markets. The process of spending them is a real problem especially in relation to economic situation of that period of time. Naval Mamloki states that Islamic states used golden dinars and silver dirhams. They used such kind of coins as a result of the social need in purchasing goods which have less prices than dirhams. As a result of corruption and fake coins, people started to deal with weighting coins instead of counting.