Post by Emperor AAdmin on Oct 23, 2017 20:40:13 GMT -5
Italy: 14 century Serbian money was the only means of trade
Did you know that in the early 14th century Serbian money was the only means of trade in the Italian city of Bologna, Italy? Surge and prosperity of the Serb state, during the rule of King MIlutin, was mainly supported by the fast development of its financial power.
Exploitation of rich silver mines at Novo Brdo, Brskovo, Rudnik, Trepča, Brvnik and at other locations, provided the ruler with abundant revenues that he mostly used to reinforce his army, but also to construct churches and monasteries, for the development of country's economy and for refurbishing of royal palaces.
During that period, it was quite normal that Serbian rulers wanted their money to be as good as the one in Venice, which was at that time the largest monetary power of this part of the world. So, Serbian money began to look a lot like Venetian.
Just as the Venetian coins had the figure of Doge on the obverse and St. Mark, patron of Venice, on the reverse, the money of kings Dragutin, Milutin and Stefan of Dečani had their figures on the obverse and the figure of St. Stephen, the patron of the Nemanjić dynasty, on the reverse. Serbian kings used their money to trade with entire Europe, but at one point Serbian money, similar to Venetian, had flooded Western markets.
In Bologna's archives there is a document that proves that around the year 1305 Serbian money was the exclusive means of trade. It is known that the Venetians, protecting their own currency, banned the Serbian money in their territory. Serbian silver coin was high quality, and the one forged in Novo Brdo contained even a hint of gold.
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