1 Dinar - Ghiyath al-Dunya wa'l-Din Mahmud

The Qarakhanid dynasty was in terminal decline by 1212, squeezed between the Khwarazmian Empire to the west and the encroaching power that would shortly resolve into the Mongol conquests. Ghiyath al-Din Mahmud's laqab — "Succorer of the World and the Faith" — was the kind of grandiose titulature rulers clung to precisely when actual power was slipping. Tirmidh, sitting on the Oxus, was a prosperous commercial node and one of the last mints still functioning under Qarakhanid authority in these years.

Within roughly a decade of this striking, the city was sacked by Genghis Khan's forces in 1220.