Raja Chola's 'Pon' Gold Coin: How an Indian King Transformed Global Trade Without Dollar or Dinar
Loading more articles...
Chola Pon: How an Indian King's Gold Coin Transformed Global Trade 1000 Years Ago
N
News18•06-03-2026, 11:18
Chola Pon: How an Indian King's Gold Coin Transformed Global Trade 1000 Years Ago
•King Rajaraja Chola I introduced 'Chola Pon' gold coin around 985 CE to solve the lack of reliable currency for international trade.
•The pure gold coin (3.5-4g) with 'Sri Rajaraja' inscription became a symbol of trust due to its uniform weight and strict purity standards.
•Widely accepted across Asia, from Sri Lanka and Maldives to Arab markets (called 'Dinar-e-Hind') and China, connecting vast trade networks.
•Chola Pon boosted the empire's economy, facilitating trade in spices, ivory, and pearls, and funding grand projects like Brihadeeswarar Temple.
•Its influence extended political reach, and the currency remained in use until the 12th century, attested by historical records and archaeological finds.