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Emirate of Bukhara
2 Fulus
布哈拉酋長國
2 法爾
Item number: A3536
Year: AD 1911–1917 (AH 1330-1335)
Material: Bronze
Size: 13.7 x 13.7 x 1.5 mm
Weight: 2.15 g
Manufactured by: Bukhara, Uzbekistan
Provenance: Stephen Album Rare Coins 2025
This is a copper coin denominated as fals, struck by the Emirate of Bukhara in Central Asia between AD 1911 and 1920. For most of this period, one gold tilla was equivalent to 24 to 28 silver tenga, and one silver tenga was equal to ten fulus.
On the obverse, the upper inscription reads “بخارا” (Bukhārā), which represents part of the Persian word for “Bukhara.” The lower portion likely bears the word “فلس” (fulūs), the plural form of fals, denoting the coin’s denomination.
The reverse is filled with numerous small hollow circles, some of which would originally have contained Persian numerals indicating the Hijri year, though these are now indistinguishable due to wear. The coin’s rim is decorated with a coarse beaded border.
The term fals ultimately derives from the Roman coin follis, originally a high-denomination bronze coin, at first even silver-washed, which gradually depreciated. Transmitted through the Byzantine Empire into the Arab world, it became fals, usually referring to small bronze coins. In different Islamic states, the name appeared in forms such as fils, falus, or pūl.
The Emirate of Bukhara was founded in AD 1785, when Shah Murad, a powerful leader of the Manghit tribe of Turkic origin, deposed the Astrakhanid dynasty, whose lineage claimed descent from Chinggis Khan, and established his capital at Bukhara. As Shah Murad did not belong to the Chinggisid golden lineage, he could not assume the title of khan, but only that of emir. Thus the Bukharan khanate was transformed into the Bukharan emirate.
By the mid-nineteenth century, however, the emirate faced the relentless expansion of the Russian Empire in Central Asia. In AD 1868, after repeated defeats, Bukhara became a Russian protectorate. From the 1890s, Russia gradually abolished local currencies in the Governor-Generalship of Turkestan, imposing the Russian rouble, primarily in paper form. The circulation of the Bukharan tenga contracted sharply. At the same time, from the 1870s onward, the adoption of the gold standard by major industrial powers caused a fall in silver prices. These two developments together brought about a monetary and financial crisis in Bukhara, which Russia exploited to prohibit the minting of Bukharan silver tenga.
During the First World War, the financial instability of the Russian Empire, combined with the dominance of the rouble, further undermined the Bukharan monetary system. The result, visible in its coinage, was a succession of fluctuating denominations, metals, and weights. In AD 1917, during the turmoil of the Russian October Revolution, the Emirate of Bukhara briefly regained independence. In AD 1920, however, facing the advance of the Red Army, the last emir, Muhammad Alim Khan, fled into neighbouring Afghanistan, bringing the emirate to an end. The newly established Bukharan People’s Soviet Republic adopted Soviet paper money as its principal currency, but until as late as 1925, metal coinage of earlier issues still circulated widely in Bukhara and could even be used for tax payments.
Charles Cutler Torrey, “Gold Coins of Khoḳand and Bukhārā,” Numismatic Notes and Monographs, 2020, pp. 3, 5, 7, 9-37
Khasanov Murod Gaybullayevich, “Coinage and Its Socio-economic Significance During The Reign of Amir Haydar, The Ruler of The Bukhara Emirate,” International Journal on Integrated Education, 2021, pp. 17-19
Saifullah Saifi, “Khanate of Bukhara from C.1800 to Russian revolution”(Ph.D thesis, Aligarh Muslim University, 2002)
Michael Mitchiner, Oriental Coins and Their Values: The World of Islam (London: Hawkins Publications, 1977)