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International trading such as this required a monetary medium that was stronger and more general than the many feudal currencies. The Byzantine besant played this role up until the twelfth century, but once European trade took off it was no longer satisfactory. The West now reverted to the minting of gold coins that Charlemagne had abandoned.The Byzantine besant was a

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International trading such as this required a monetary medium that was stronger and more general than the many feudal currencies. The Byzantine besant played this role up until the twelfth century, but once European trade took off it was no longer satisfactory. The West now reverted to the minting of gold coins that Charlemagne had abandoned.<br>The Byzantine besant was a






 
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