Tag: Merchant Guilds
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When Trust Travelled on Paper: The Story of the Hundi – India’s Invisible Banking Network
Megh and Vani discuss the historical significance of the hundi in medieval India’s banking system, highlighting how it allowed merchants to transfer trust rather than physical wealth across long distances. They explore various types of hundis and the importance of banking houses like Jagat Seth, emphasising that trust was the true currency in trade.
Kathakar 