Urukagina principle

“Pay in best money!”; decree of the Sumerian (Sumer = an ancient country of southern Mesopotamia in present-day southern Iraq; the Sumerians are believed to have invented the cuneiform: the wedgeshaped system of writing) Urukagina around 2500 BC. The Urukagina, around 2500 B.C., instructed the (foreign trade) merchants to pay in Kurant coin – practically gold pieces – when purchasing and to be paid when exporting, in order to – obtain the best goods or – deliver the best goods in the eyes of the buyers. – See Amalfiner, Florentine, gold coin, kurant money, samarkander, commodity money, zechine.

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