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Later traders of Persian Arab and European origins who started trading (Spice trade) with the Southern India Princely Kingdoms used the modified version of the word.

Similar marked silver bars were in use in lands where the Venetian merchants had established representative offices.

The Byzantine empire and several states in the Balkan area and Kievan Rus also used marked silver bars for large payments. By conquering foreign markets, the issuing rulers would enjoy extra income from seigniorage (the difference between the value of the coin and the value of the metal the coin was made of).

As the world economy developed and silver supplies increased, in particular after the colonization of South America, coins became larger and a standard coin for international payment developed from the 15th century: the Spanish and Spanish colonial coin of 8 reales. Successful coin types of high nobility would be copied by lower nobility for seigniorage.

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