In Khorezm itself, during the reign of Muhammad Khorezmshah, coins were minted bearing his name. In 1220, Muhammad Alauddin Khorezmshah, already in Termez, continued minting coins in his name.
In 1221, already in Bukhara, Khorezmshah Muhammad ibn Tekesh also minted coins.
Interestingly, even after the Khorezm state collapsed following the conquests of Genghis Khan, Sultan Jalal ad-Din Manguberdi, seeking refuge in India and Georgia, continued to mint his own coins. From the 1220s to the 1230s, he issued both silver and copper coins.
The Khorezm monetary system is a valuable source for historians, allowing them to trace not only dynastic changes but also territorial expansion, as well as to establish dates of events and determine the location of rulers at different periods. The coins are evidence that the Khorezmshahs tried to maintain their power even in the most difficult times.
You can learn more about the topic in the book-album "The Collection of the Ichan-Kala State Museum-Reserve" (Volume XLVII) in the series "Сultural legacy of Uzbekistan in the world collections".
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The Mints of the Khorezmshahs: From Khorezm to India
In the 13th century, when the Khorezm state was at its peak, the Khorezmshahs controlled not only vast territories but also the monetary system. Coins were minted in different territories under the rule of different rulers.