Obol - Andrew II

Andrew II's reign was defined less by stable coinage than by chronic fiscal desperation. He financed the Fifth Crusade and an catastrophically expensive series of territorial campaigns partly by debasing the currency and leasing mint rights to foreign — often Jewish and Muslim — administrators, a practice so resented by the Hungarian nobility that it became a central grievance in the 1222 Golden Bull, Hungary's foundational constitutional document.

The obol denomination served fractional daily commerce while larger monetary policy collapsed around it.