Siege Money
Tabora gold, the German currency minted in the jungles of Africa
In the late 19th century, Germany aggressively pursued its ambitions to rival the major colonial powers, seeking to secure raw materials and resources to fuel its burgeoning industry. To this end, it extended its influence over the Great Lakes region of East Africa (which today includes Tanzania, Burundi, Rwanda, and parts of Mozambique), sometimes under the guise of humanitarian concerns such as combating the slave trade, and at other times under the pretext of economic interests.
March 3, 2026Siege money: When palace ingots become soldiers' currency
Siege money, also known as "necessity money," is an interesting aspect of monetary history. These coins were issued during times of war or invasion, particularly when a city or town was under siege. The need for such money arose from the disruption of monetary circulation during wartime, leading to a scarcity of coins in circulation.
February 21, 2026