Currency System of the Byzantine Empire

The currency system of the Byzantine Empire had a long history and was primarily based on three main metals: gold, silver, and copper.

1. Gold Coins

One of the most notable gold coins of the Byzantine Empire was the Solidus. It was minted in high-purity gold and used widely for transactions and military pay.

2. Silver Coins

Silver coins were also in circulation, with examples such as the Milanense and Caracalla coins being used primarily by the middle class and common citizens.

3. Copper Coins

The main copper coin used for everyday transactions in the Byzantine Empire was the Follis, a large-sized coin widely used in markets and rural areas.

4. Control and Management of Currency

The central government of the empire controlled the minting and regulation of currency, contributing to economic stability. The office of the comes sacrarum largitionum was responsible for this oversight.

5. Evolution of Currency and Influence on Successor States

The currency system of the Byzantine Empire had a lasting impact on successor states and continued to influence economies well into the Ottoman Empire era.