1/2 Larin 'Kuda' - Muhammad Imaduddin II

Laari coinage of the Maldives derives from the larin, a wire-formed silver currency that circulated widely across the Persian Gulf and Indian Ocean trade networks from the 16th century onward. The local billon adaptation reflects the islands' position as a transit point rather than a silver-producing economy — debased coinage was a practical concession to chronic metal scarcity. Muhammad Imaduddin II's reign saw the sultanate navigating Dutch commercial pressure in the region, and the degraded silver content of issues like this one likely reflects both supply constraints and the realities of small-denomination everyday exchange among fishing and trading communities.