History of Dinar
Many currencies across the Middle East are linked to old-world economies that have evolved into the modern economy. The word “dinar” has its roots throughout ancient history. Although it refers to many different currencies today, the evolution to its modern state went through many different factions over thousands of years ago. Here are many major checkpoints in the history of the dinar...
In the ancient Byzantine empire, the coin that would eventually become the solidus was distributed as the denarius auri. This is one of the earliest incarnations, in terms of etymology, of the dinar, although there are signs that it goes back to an earlier civilization in Syria. Eventually, after becoming the solidus, this currency would go on to have a major effect on the currency of the Roman empire.
India, one of the most populated countries in the world, today, was once inhabited by a major civilization known as the Kushan Empire from 30-375 AD. In Kushan currency, the dinara was introduced during the 1st AD century, and was a golden coin that was adorned with gods from the pantheon of Kushan, which was a precursor to modern Hinduism. This period in India is what kept the name “dinar” alive on both sides of the Middle East, while the Romans to the north did this, as well.
The largest known bridge between currency in the new world and the ancient world runs through the Roman Empire and the denarius. The denarius was a coin denomination that eventually, through its evolution, can be traced to the modern day penny. This shift happened in 735 AD, when Pepin the Short adapted the double denarius to the Novus denarius, or the new penny. This draws a link between the modern day dinars in the Middle East and Asia, and the currencies of Western Europe and the Americas.