1 Tilla – Janid dynasty

The Janid dynasty, ruling the Khanate of Bukhara from 1599 until 1785, faced a severe monetary crisis by 1747, a symptom of the state's broader political and economic decline. The dynasty, also known as the Ashtarkhanids, presided over a weakening realm where central authority had eroded in favor of powerful local tribal chiefs and religious elites. This political fragmentation directly undermined the state's fiscal sovereignty, as control over mines, trade routes, and minting operations became inconsistent. The once-lucrative Silk Road trade, a traditional source of wealth for Transoxiana, had also diminished, reducing the inflow of precious metals necessary for a stable coinage.

The currency situation was characterized by chronic debasement and severe shortage. The standard silver tanga, the primary coin, was repeatedly minted with lower silver content to meet state expenses, destroying public trust in the currency. This debasement led to rampant inflation, hoarding of older, purer coins, and a retreat to barter economies in many regions. Furthermore, the shortage of specie was acute; the government often lacked the silver to mint coins in meaningful quantities, leading to a contracted money supply that stifled commerce and made tax collection, often demanded in specific coin types, a source of great hardship for the populace.

Consequently, the monetary disorder of 1747 reflected and accelerated the Janid dynasty's terminal weakness. The inability to provide a stable currency eroded the economic foundations of the state, fueling local autonomy and social unrest. This crisis left the khanate vulnerable, setting the stage for the rise of the Manghit dynasty, which would soon usurp power and attempt to restore monetary order through a centralized reform of the coinage system, ending Janid rule within a few decades.