[Persia Revisited by Thomas Edward Gordon]@TWC D-Link book
Persia Revisited

CHAPTER III
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This practical pocket-sympathy with them secured a popularity which will bring its reward.
Next to the 'wheat-ring' as a cause of disturbance and riot comes what may be called the 'copper-ring' of Tehran, which is likely to produce serious trouble throughout the country.

The Royal Mint in Persia is worked on the farming system, the evils of which have now extended to the currency.

The low price of copper allows of it being coined at an enormous profit, and advantage has been taken of this to a dangerous extent.

The whole country is now poisoned with 'black money,' as the coppers are called, and it is at a heavy discount.

This bears cruelly on the labouring classes and all who are paid in copper coin.


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