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Memoir of Hendrick Zwaardecroon, commandeur of Jaffnapatam (afterwards Governor-General of Nederlands India) 1697

Note 34 — Memoir (continued 2)

Sophia Pieters translation

The full value of the rix-dollar was 60 Dutch stivers; but in the course of time its local value appears to have depreciated, and as a denomination of currency it came to represent only 48 stivers. Yet to preserve a fictitious identity with the original rix-dollar, the local mint turned out stivers of lower value, of which 60 were made to correspond to 48 of the Dutch stivers.

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