Nasir al-Din Mahmud Shah I was the founding sultan of the Gujarat Sultanate, having established Ahmedabad as his capital in 1411 — the city named after his own given name, Ahmad. His copper fractional coinage served the daily markets of a sultanate still consolidating territory wrested from the declining Delhi Sultanate. These small-denomination pieces circulated in an economy where the copper falus was the working currency of bazaar transactions entirely beneath the dignity of silver.
Nasir al-Din Mahmud Shah I was the founding sultan of the Gujarat Sultanate, having established Ahmedabad as his capital in 1411 — the city named after his own given name, Ahmad. His copper fractional coinage served the daily markets of a sultanate still consolidating territory wrested from the declining Delhi Sultanate. These small-denomination pieces circulated in an economy where the copper falus was the working currency of bazaar transactions entirely beneath the dignity of silver.