Archaeology reveals that the sixth BC era was the time of secondary civilization. Many cities as Shravasti, Saket, Ayodhya, Champa, Rajgriha, Kosambi and Varanasi described in Pali literature is indicative of materialistic prosperity and rich town culture. These northeastern towns of India are connected by highways to a Takkasil in north, Pratishtha in south, Mrigukachha in west, Tamralipti in east and of central Kanyakubza, Ujjayini, Mathura, Sankashya and many others places. These cities were inhabited by northern black glittering earthen-pot culture. Peoples of this culture widely use iron make weapons and stricken coins. These materialistic and archaeological relics exhibit their economic strength. Artisans and businessmen were doing trading by forming union in cities. We came to know the eighteen categories of artisans. Contribution of stricken coins was very important in trading and buying-selling by these categories. By the circulation of stricken coins, trading was promoted significantly and trading becomes simplified. Various proofs of currency circulation is found in Pali scriptures and it also came to knowledge that the payments of salaries and buying was made by coins. The Buddha monks and nuns do not accept donation in form of currency. In this way it is clear from the above descriptions that the circulation of currency undoubtedly present in the time of Buddha, which is also described in Buddha literature and also confirmed with archaeological proofs in this Reseach Paper. Development of an urban civilization was started in sixth century BC parallel to the ancient Indian rural civilization. The repeated description of cities like Shravasti, Saket, Ayodhya, Champa, Rajgriha, Kosambi and Varanasi in Buddha literature is indicative of materialistic prosperity and rich town culture. These northeastern towns of India are connected by highways to a Takkasil in north, Pratishtha in south, Mrigukachha in west, Tamralipti in east and of central Kanyakubza, Ujjayini, Mathura, Sankashya and many others places. The description of river and sea merchant is found in takas a J and big and small group of businessmen travel from one place to another. In this context, description of major affluent persons and their limitless wealth, their ample donation to Buddha organizations, vogue of coins to fulfill the necessities of exchange for religious rites are indicative of a developed financial culture. It‟s remarkable that in the literatures of Buddha, along with the prevalence of currency, barter system was also in use. For merchandising, generally coins were used in the society. The Buddha monks were neither collect nor touch the money, preferentially they adopt the mode of bartering. Till the time of , takas a J one magnitude of rice was in vogue for the bartering. But in the period
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