'Abd al-Rahman Khan, Amir of Afghanistan, -1901; Afghanistan -- History; Kabul (Afghanistan)
The money of the country is all coined in Kabul, the mint, with its
up-to-date coining presses, being situated in the workshops, where the
presses are at times kept working day and night when large sums of money
are required quickly. When the late Amir, who wanted money badly, saw the
revenues yearly dwindling, he cast about for means to increase it, and
one day the idea of doing so in the following way occurred to him. The
Kabul rupee used to be an irregularly shaped coin, hand-stamped, but it
was made of pure silver, so the Amir had all these rupees collected and
melted down as they accumulated, and as they were melted down a fairly
high percentage of copper was added. This alloyed silver was then cast
into bars, rolled, and coined afresh in the new mint, which turns out a
rupee with a milled edge and pressed with nicely engraved dies. In this
way, by melting down the old pure silver rupees and adding copper before
re-coining, the Amir made a considerable amount of profit, and when the
old rupees of his own country were finished, he collected Persian rupees
and added copper to those; but, unfortunately, under one of the Shahs,
the same thing had already been done, so that many of the Afghan rupees
contain more than double the proportion of copper than is usual in the
standard coinage of other countries. Thereafter the Amir ordered the
collection of those Persian rupees which were coined under other Shahs,
and the exchange offered for these rupees in the Kabul treasury was one
Persian for one Kabuli rupee; but to make still further profit, the
Amir ordered that one pice less than a Kabuli rupee should be given in
exchange for each Persian one, and the Shah, on hearing this, ordered a
like reduction in exchange on all Afghan money brought into his country.
The result of adding an unusual amount of copper to the rupee, together
with other causes, however, depreciated its value in India, where five
Kabuli rupees used to be taken in exchange for four Indian, and the
exchange nowadays is two Kabuli for one Indian.
CHAPTER XV
GEOLOGICAL CONDITIONS OF THE COUNTRY
Kabul valley once crater of volcano—Earthquakes—Kabul once
a large lake—Mines outcropping, gold, lead, copper, coal,
etc.—Rivers, and gold in them—Existence of kept secret for
fear of trouble—Turkestan mines—The question of fuel for Kabul
workshops—Local supply exhausted—Coal under the valley of Kabul.
Public-domain text, read in full here on John Shaqi.
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