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The Safavid Mint: How Shah Abbas Remade Persia's Economy
Shah Abbas I didn't just build palaces and raise armies—he overhauled Persia's entire monetary system. This episode traces the creation of the unified Safavid coinage, the rise of the Isfahan mint (dar al-zarb), and the silver crisis that nearly toppled the empire. We follow the journey of a single abbasi coin from the mines of Anatolia to the bazaars of Isfahan, explore how Abbas wrested control from the Qizilbash chieftains who printed their own currency, and reveal the little-known role of Armenian merchant-bankers like Khwaja Nazar in stabilizing the rial. Along the way, we meet the…
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