In medieval India, the term 'Fanam' referred to :

In medieval India, the term ‘Fanam’ referred to :

[amp_mcq option1=”Clothing” option2=”Coins” option3=”Ornaments” option4=”Weapons” correct=”option2″]

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UPSC IAS – 2022

In medieval India, the term ‘Fanam’ referred to a type of coin.

– The Fanam (also spelled Panam or Fanum) was a small gold coin widely circulated in South India during the medieval period, particularly under dynasties like the Vijayanagara Empire and later in various southern kingdoms.
– It was one of the smallest gold denominations used for everyday transactions.
– Historical records and numismatic studies confirm ‘Fanam’ as a monetary unit.

The value and appearance of the Fanam varied slightly across different regions and periods. It was an important part of the currency system in South India for several centuries, alongside larger gold coins (like the Varaha or Pagoda) and silver/copper coins.

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