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<p>[QUOTE=&quot;EWC3, post: 4468478, member: 93416&quot;]I think we need to go back to basics here. All the evidence I have seen points to a dual weights system adopted by Caliph ‘Abd al Malik around 700 AD with a bullion dirhem of 64 grains and a coin dirhem of 60 grains – yielding a seigniorage of 1/16th.</p><p><br /></p><p>That seems to be copied by Offa, around 792 AD with a bullion penny of 32 grains (Troy) and a sterling coin penny of 30 grain. Meanwhile Charlemagne apparently&nbsp; set up a different system around 793 AD, using a bullion pound of 16 Roman ounces, and a coining pound of 15 Roman ounces.&nbsp; Different system - same result.</p><p><br /></p><p>Usury was prohibited in both Islam and Christendom – but I have not seen evidence that seigniorage was thought of as linked to usury&nbsp; - either in Europe or Islam.</p><p><br /></p><p>There seems to be evidence pointing to of opposition to seigniorage in both Europe and Islam at various times (that is what we started with with this square Muwahhid ‘dirhem’). But I as I said, I never saw evidence of that being thought of as anything to do with charging interest. If anyone has I would be very pleased to hear.</p><p><br /></p><p>Rob T[/QUOTE]</p><p><br /></p>

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