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Coin History of Ethiopia
History
One of the earliest
civilizations was that at Axum or Aksum in the
north of modern day Ethiopia, previously known
as Abyssinia. It was supposedly founded by
Menelik I, the son of King Solomon and Queen
Sheba in the tenth century BC, although its
modern history starts only with Menelik II under
whom it emerged from its medieval state. This
civilization continued unconquered until 1936
when Italy successfully occupied it until 1941.
In 1974 Emperor Haile Selassie was deposed by a
military coup, which in turn fell to rebels, the
EPRDF (Ethiopian People's Revolutionary
Democratic Front) in 1991. Ethiopia became a
federated state known as the Federal Republic of
Ethiopia. In 1993, Eritrea, occupying the
northern coastal strip, broke away, and was
formally recognized by a peace treaty on
December 12th 2000.
Pre-coinage period
Though the issuing of minted
coins didn't begin until around
270, metal coins may have been
used in Aksum centuries prior to
centralized minting. The
Periplus of the Erythraean Sea
mentions that the Aksumite state
imported brass (Gr.
orokhalkos), "which they
use[d] for ornaments and for
cutting as money", and they
imported "a little money (denarion)
for [use by] foreigners who live
there." It can be inferred,
therefore, that early Aksumite
kings, located on the
international trading waters of
the
Red sea, recognized the
utility of a standardized
currency for facilitating both
domestic and international
trade.
Influences
Though Aksumite coins are
indigenous in design and
creation, some outside
influences encouraging the use
of coins is undeniable. By the
time coins were first minted in
Aksum, there was widespread
trade with
Romans on the
Red sea;
Kushana or
Persian influence also
cannot be ruled out. Roman,
Himyarite, and Kushana coins
have all been found in major
Aksumite cities, however, only
very small quantities have been
attested and the circulation of
foreign currency seems to have
been limited.
Though
South Arabian kingdoms had
also minted coins, they had
already gone out of use by the
time of certain Aksumite
involvement in South Arabia
under
GDRT, and only very rarely
produced
electrum or
gold denominations (silver
mainly in
Saba' and Himyar, while
bronze in
Hadhramaut), making
influence unlikely. The major
impetus, however, was not
emulation but economical; the
Red sea and its coasts had
always been an international
trade area and coins would
greatly facilitate trade and
wealth in the now "world power."
Despite these influences, the
coins were of genuinely
indigenous design, and foreign
influences were relatively weak
and few in number.
Aksumite currency came in the later stages of
the growth of the empire when its golden age had
already begun. The minting of coins began around
270, beginning with the reign of Endubis.
Gold
Gold seems to have been
acquired from a number of
sources. Gold probably came from
Sasu (southern Sudan), as
well as more nearby Ethiopian
sources, though the latter isn't
well documented for the north. A
gold trade from the southern
areas of Ethiopia such as the
medieval province/kingdom of
Innarya has been attested from
the 6th century (i.e. from the
writings of Cosmas
Indicopleustes) and continued
through James Bruce's day (18th
c.). Gold also came from more
northerly sources such as Gojjam,
Beja lands, and what is now
Eritrea, though the latter two
are less certain. However, a
recent gold exploration assay in
Eritrea has found significant
gold deposits at Emba Derho, and
deposits are also attested at
Zara in central-western Eritrea.
Silver and others
While local sources of gold
are attested during the Aksumite
era, silver seems to have been
rarer in Aksum. No mention of
silver mines in the region exist
until the 15th and 16th
centuries. Though silver was
imported as attested by the
Periplus of the Erythraean Sea,
given the preponderance of
silver coins, it could not have
been the only source of silver
in Aksum. Furthermore, a
significant number of the silver
coins contain gold inlays
(presumably to increase the
value), which would have been
unnecessary if silver were so
rare that it had to be mainly
imported. Silver may have been
obtained from the refinement of
gold, which sometimes occurs
naturally with silver in an
alloy called electrum. Copper
and bronze do not seem to have
existed locally in the Aksumite
empire, though they were noted
as imports in the Periplus of
the Erythraean Sea.
Value
Though the gold coins were
certainly the most valuable
issue, followed by the silver
one, the exact relationship
between the three issues (gold,
silver, and bronze) is not
known. The supply of gold was
closely controlled by the
Aksumite state, as noted by
Cosmas Indicopleustes, and other
precious metals were undoubtedly
also closely controlled,
allowing the Aksumite state to
ensure the usage of its
currency.
The quality of
the Aksumite coins were also
closely controlled, usually of
high purity. For example, the
lowest purity of gold recorded
thus far for Aphilas is 90%.
Early issues were often very
close to their theoretical
weights, and some were even
over.)
However, the weight of the coins
tended to decrease over time
(though not continuously or
uniformly).
This may have reflected a desire
to conform to the Diocletian
monetary reform of 312, when the
aureus was decreased from
1/60th of a pound to 1/72nd.
Despite decreases in weight, the
purity of the gold was largely
maintained, even by later kings.
The abundance of relative
abundant Aksumite coins as well
as the many that have yet to be
found
indicate that Aksum must have
had access to large quantities
of gold.
Design
The coins were often inscribed
in
Greek, as much of its trade
was with the "Graecised Orient."
Later inscriptions would make
more use of
Ge'ez, the language of the
Aksumites, perhaps indicating a
decline in its use for more
international trade (i.e. with
Rome and India). The obverse of
the coins would always feature
an image of the king (almost
always in profile) wearing
either a crown or helmet/regnal
headcloth. The headcloth had
some image perhaps representing
pleats, rays, or sunburst in the
front, as well as the tied end
of a cloth or fillet to hold the
helmet or headcloth in place.
Most coins also included an
inscription (usually in Greek)
meaning "King of Aksum" or King
of the Aksumites" (Basileus
AXWMITW).
However, many coins were also
minted anonymously (or even
posthumously), especially during
the 5th century.
Inscriptions on the coins could
include a bisi name ("man
of,"
Ge'ez bə'əsyä ብእስየ)
or an epithet (beginning with
Əllä, Ge'ez እለ "he who") in
addition to the king's personal
name. Bisi names were
used more often in conjuncture
with personal names on earlier
coins, while the epithets were
more common in later years,
being the only inscribed name in
a few sources.
Greek text was used in
conjunction with
Ge'ez inscriptions, but was
the only language used on the
gold coins, with the exception
of the
Ge'ez language coins of
Wazeba and
MHDYS. Over time, the Greek
used on the coins (gold, silver
and bronze) deteriorated,
indicative of Aksum's decline.
Moreover, beginning with
MHDYS for bronze coins and
Wazeba for silver coins, Ge'ez
gradually replaced Greek on the
legends.
Mottoes
Aksumite coins used a number
of mottoes throughout the period
in which they were minted,
beginning in the early 4th
century. Around this time,
numerous anonymous bronze coins
with simply Βασιλεύς (Basileus,
"King") on the obverse were
minted by either
King Ezana or one of his
successors. The coins bore the
first example of an Aksumite
motto on the reverse, "May this
please the people" (Greek
TOYTOAPECHTHXWPA). It was later
written in unvocalized Ge'ez as
"ለሐዘበ ፡ ዘየደአ" LʾḤZB ZYDʾ
and under
King Kaleb also "ለሀገረ ፡
ዘየደአ" LHGR ZYDʾ, "may
this please the city [country]."
Similar mottoes were used by
other kings. Coins of the early
7th century Emperor
Armah had inscribed on the
back "ፈሰሐ ፡ ለየከነ ፡ ለአዘሐበ" FŚḤ
LYKN LʾḤZB (vocalization:
ፍሥሓ ፡ ለይኲን ፡ ለአሕዛብ ፡ fiśśiḥā
la-yikʷin la-'aḥzāb,
"Gladness let there be to the
peoples").
Endubis
Gold coin of King
Endubis with
royal
headcloth/helmet,
grains, and
Star and crescent
representing the
moon god
Almaqah.
Endubis, the first known
Aksumite king to mint coins,
focused almost entirely on his
image on both the obverse and
reverse. The images were of his
head and upper half of his chest
in profile, wearing a regnal
headcloth or helmet and abundant
jewelry. In addition to
inscribing his regnal name,
Endubis also noted his "bisi
name, a practice continued by
his early successors, but often
missing in later coins. The
bisi name was a sort of
tribal affiliation or "ethnikon"
(i.e. a reference to the king's
lineage) that was different for
every king.
Endubis also emphasized his
religion through the
pre-Christian symbol of the disk
and crescent as a propaganda
method (a purpose which the
coins already served). A second
motif used by Endubis and
continued by following coins was
that of two (though sometimes
one in later years) ears of
barley or wheat around the image
of his head in profile. Though
no inscriptional evidence
exists, given its prominent
position around the image of the
king, the two ears of barley (or
wheat) may have been
representative symbols of the
Aksumite state.
Though later coins would be
smaller, Endubis chose the Roman
aureus to standardize Aksumite
coin weights against, with gold
issues at half-aureus around
2.70 grams (more precisely, the
theoretical weight may have been
2.725g).
Aphilas
Gold coin of King
Aphilas with
royal tiara and
features inherited
from Endubis; the
coin was pierced for
use as jewellery and
is typical of
Aksumite gold coins
found in
India.
Whereas all of Endubis's
coins feature the king with a
headcloth or helmet, Aphilas's
coins show the king wearing an
impressive high crown on top of
the headcloth. The crown
featured colonnades of arches
supporting high spikes, on top
of which rested large discs of
unidentified composition. In
addition to the crown and
headcloth, Aphilas's coins
included further images of
regalia, such as a spear, a
branch with berries, the
depiction of the arms, the
addition of tassels with fringes
to the imperial robe, and more
jewelry, such as amulets and
bracelets. Despite this
innovation, Aphilas continued to
use the image of himself in the
regnal headcloth in some coins,
sometimes as the reverse, while
his crowned image is only found
on the obverse.
One of his issues included
his frontal image on the
obverse, which ended with his
reign and was only revived by
the late kings. Two other
minting features of Aphilas were
also abandoned by later rulers.
One of these was the use of just
the inscription "King Aphilas"
as the reverse of a coin, the
only purely epigraphical side
ever used on an Aksumite coin.
The other was his use of a
single ear of barely or wheat as
a reverse, though his use of two
ears circling around the king's
image continued.
Aphilas introduced a number
of different standards for all
three metals, some of which
lasted through to the 7th
century, while the use of others
ended with his reign. His new
gold coins (issued in
conjunction with the older) of a
quarter aureus and eighth aureus
were soon abandoned (each are
known from only one specimen),
and 1/16th aureus coins have
been found, though these are
more likely to be deliberate
debasements to increase profit
(Aksumite gold was generally
very pure, however).
Aphilas's silver coin, however,
issued at half the weight of the
former, became the new Aksumite
standard for silver up until the
end of coinage. The older coin
was presumably more valuable
than needed, and the new coin
remedied the problem. Aphilas's
bronze issue, however, was
instead doubled to 4.83 grams.
The coin's rarity may attest to
its quick withdrawal from the
market, as is assumed with his
quarter-aureus. These two issues
are the only one of Aphilas's
issues to portray him frontally,
rather than in profile.
Ezana
Anonymous bronze
coin with
Christian cross
on reverse.
During Ezana's reign a major
change in both the
Aksumite kingdom and its
coinage took place as a result
of the change of the official
religion to
Christianity, one of the
first states ever to do so.
While Ezana's coins in the first
half of his reign are almost
identical to thos of Aphilas,
barring minimal weight
reductions, those of his second
half employ revolutionary
designs. With his conversion to
Christianity, Ezana began to
feature the
Cross on his coins, the
first time the Christian cross
had ever been featured in
coinage in the world. Some of
his gold Christian coins are of
the weight before
Constantine I's weight
reform in 324, indicating a
conversion before this date or
perhaps a few years after, as
the Aksumite coinage may not
have changed weights
immediately.
Along with the adoption of the
Cross on his coins came, of
course, the abandonment of the
star and crescent symbol on
the coins. Later Christian coins
reflect the adoptment of the
4.54 g standard by Constantine,
with theoretical weights in
Aksumite coins likewise dropping
to 1.70 g for the gold coins.
Silver coin of King
Ousanas with no
religious symbol.
Coins of Ezana without any
symbol at all have also been
found, along with similar
symboless coins of his father,
Ousanas. These may reflect a
transition in the religion in
Aksum when
Frumentius was influencing
Ezana's father and gathering
Christians in the country,
giving weight to the writings of
Rufinus.
The lack of symbol altogether
may reflect an uncertainty as
how best to exhibit the change
in religion of the Aksumite
state.
Gold coins
Gold coin of King
Israel.
The gold coin weighed on
average 2.5-2.8 grams and was
15-21 mm in diameter at the
start of issue, in 270-300. This
would make it half an Aureus
which weighed 4.62-6.51 grams at
the time of Probus. The issue of
Israel (570-600) weighed 1.5
grams and was 17 mm in diameter.
The Roman solidus of Maurice
Tiberius was 4.36-4.47 grams. A
majority of these coins were
found in South Arabia and not
Aksum. The name is unknown so it
is referred to as an AU Unit.
Silver coin of
King MHDYS
(vocalized Mehadeyis)
with cross.
Silver coinage
Also starting with Endubis
these coins were 2.11-2.5 grams
in weight which is half the
weight of a Roman antoninianus
of 3.5-4.5 grams. A Denarius in
the early 3rd century was
2.5-3.00 grams of 52% or less of
silver, but the Aksum coins were
almost pure silver at first
later debased. The name is
unknown so it is referred to as
an AR Unit.
Coin of King
Armah seated on
throne.
Base coinage
Most bronze and silver coins
have mainly been found in Aksum
territory with very few pieces
found in Judea, Meroe and Egypt.
They are based roughly on the
size of older Roman As and
Sestertius in shape and
thickness. The design also
developed like Roman coins in
first being good but then the
pictures turn archaic and non
recognizable. The name is
unknown so it is referred to as
a AE diameter im mm Unit, like
AE17 for a coin of 17 mm.
Coin of King
Ousanas with two
holes, typical of
Aksumite gold coins
found in India.
Trade
At the time of Aksum's
minting of currency, the state
already had a long trade history
with Greece, Rome, the Persian
Empire, and India. That coinage
began so late is in fact a
little surprising. The late use
of coinage may be attributed to
the lack of a developed economy,
required for coinage to be
accepted.
Most Aksumite coins were found
in the large trade centres with
very few in remote villages,
where trade would be more
through
barter and not coinage
based.
In fact, the motivation for
Aksum's initial minting of coins
was for foreign trade and
markets, as evidenced by the use
of Greek on most of its coins.
Moreover, gold coins seem to
have been intended primarily for
external trade, while copper and
silver coins probably mainly
circulated within the Aksumite
empire, as the gold issues
generally specified "king of the
Aksumites" as title of the
Aksumite king, whereas the title
of silver and copper issues
generally only read "king."
International use of Aksumite
coins seems to have begun early
on, as coins of King Ezana and
even of King Aphilas (the second
Aksumite ruler to issue coins)
have been found in India.
Decline
During the 7th century,
Aksumite power began to fail,
and Ethiopian society began to
withdraw further into the
highland hinterlands, with
the coastal areas becoming
peripheral areas (whereas
Adulis on the coast was once
the
second city of Aksum). The
coins continued circulation, but
were restricted to more local
areas such as
Nubia, South Arabia and the
Horn of Africa.
Archaeology
Due to the nature of the
coins (e.g. providing kings'
names), they have proved
essential in constructing a
chronology of the Kings of Aksum.
An estimated 98% of the city of
Aksum
remains unexcavated, and other
areas even more so. Through
analysis of the number of coins produced
and the style of coins,
archaeologists have been able to
construct a rough chronology,
generally agreed upon until the
late 6th and 7th century kings.
Of the 20 Aksumite Kings
attested by their coins,
inscriptions corroborate the
existence of only two, who
happen to be the most famous
kings:
Ezana and
Kaleb, both of whose reigns
were periods of exceptional
prosperity during the height of
the Aksumite kingdom.
Many coins have been found in
northern Ethiopia and Eritrea,
the central region of Aksum,
though Aksumite coins are
reported to have been found in
Arato and
Lalibela. Many coins have been also found
further afield. Numerous hoards
of coins (always gold save one
silver coin) have been found in
Southern Arabia, much more than
in Aksum itself, attesting
perhaps to an Aksumite presence
in parts of the region (perhaps
supporting the use of titles
claiming control over parts of
South Arabia from
GDRT's time). The hoards may
be the remnants of hoards left
in Kaleb's time (perhaps used to
pay soldiers), when it was under
an Aksumite governor. Outside of
the
Horn of Africa and
Arabian peninsula, coins
have been found as far as
Israel,
Meroe, Egypt, and India.
Silver and copper coins are
mainly found in Aksum, though
some can be traced to
Palestinian pilgrim centers.
In addition to historical
evidence, the coins' use of
Ge'ez provides valuable
linguistic information. Though
rarely used, the
vocalization of Ge'ez
sometimes employed on Aksumite
coins allows linguists to
analyze vowel changes and shifts
that cannot be represented in
the older
Semitic
abjads such as
Hebrew,
Arabic,
South Arabian, and earlier,
unvocalized Ge'ez.
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