Showing posts with label Will of Cauder Mohideen. Show all posts
Showing posts with label Will of Cauder Mohideen. Show all posts

Friday, 24 August 2012

Why did ancient wills use Spanish dollar?

I was reading the Will of Cauder Mohideen (Kader Mydin) who founded the Masjid Kapitan Keling in Penang. His Will mentioned Spanish dollars instead of British currency. I was wondering why that was so. Today I discovered that the Spanish silver dollars were preferred as they contained higher quality silver.

Evolution of Currency:
http://www.mas.gov.sg/en/Evolution-of-Currency