Jaora's copper coinage from the 1890s was issued under Muhammad Ismail Khan, who ruled this small Malwa state as a nawab under British paramountcy. The state retained the right to strike token copper for local circulation — a privilege the British tolerated in many Rajputana and Central India Agency states provided the issues didn't threaten Imperial monetary order. Jaora's coinage never circulated far beyond its own bazaars.
Jaora's copper coinage from the 1890s was issued under Muhammad Ismail Khan, who ruled this small Malwa state as a nawab under British paramountcy. The state retained the right to strike token copper for local circulation — a privilege the British tolerated in many Rajputana and Central India Agency states provided the issues didn't threaten Imperial monetary order. Jaora's coinage never circulated far beyond its own bazaars.