The Nagysink Diet and the Pecuniary Values of the Transylvanian Principality Cover Image

Az Erdélyi Fejedelemség pénzértékei és a nagysinki országgyűlés (1664)
The Nagysink Diet and the Pecuniary Values of the Transylvanian Principality

Author(s): János Buza
Subject(s): History, Cultural history, Economic history, 17th Century
Published by: Erdélyi Múzeum-Egyesület
Keywords: Transilvanian Principality; Nagysink Diet; Pecuniary Value

Summary/Abstract: Military events and campaigns, struggle for the throne burdened the Transylvanian Principality between the 1650s and 1660s. The Ottoman Empire’s disciplinary demands for indemnity and increased tribute payments weighed heavily on Transylvania. Primarily it was silver talers they were after. Rate of the taler and ducat was on the rise making it ever more costly to cater for the demand. Main time the international environment was not favourable. Less talers were produced and more poor quality coinage. „Hunger” for talers in the East were fuelled by both the Russian and the Ottoman Empires as neither of these minted them at the time. Only by paying a premium could coins used in Transylvania, mainly Polish, Austrian and Hungarian origin, be exchanged to talers and ducats. By passing laws the Transylvanian Diets (Nagysink, 1664 and Fogaras, 1666) were trying to check the rise of exchange rates but these efforts were probably unsuccessful.

  • Issue Year: LXXVIII/2016
  • Issue No: 1
  • Page Range: 56-67
  • Page Count: 12
  • Language: Hungarian