In 1613, the English trading company got the permission from Moghul emperor Jahangir to establish a factory at Surat. In 1668, Bombay was transferred to East India company from Portuguese. The head of this area is called as president and thus term Bombay presidency came in to existence. In 1716 A D Moghul Emperor Forrucksiar gave permission to East India Company to mint Moghul type coins. Actual minting of coins started in 1725 AD.


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