During the Shiva period, the practice of giving goods or services in exchange for goods or services was more prevalent. This practice is called ‘Balutedar method’. The use of currency was very less during Shiva period. But Shivaji Maharaj gave more priority to the use of currency. For that he introduced gold coins, silver coins and made trade and transactions straightforward. Shivaji Maharaj rejected the Ashrafs of Mughals in Swarajya. Also, except for some at exceptional regions in the self-governing state. The policy was made that no foreign currency would be used in all other regions, but only local currency. He made the affairs of the Swaraj smooth and straight.
Maharaj’s currency policy prevented infiltration and embezzlement. He also prevented extortion is done by foreigners which is done for money. Fituri / embezzlement means to join a group of foreigners and act against one’s own king. But as foreign exchange did not work in Swarajya, infiltration and embezzlement were automatically stopped.
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