large and were often cut into several parts, each part having its own turnover. As part of the monetary reform in the year 1704, a new, simple decimal system was introduced. Instead of the weight, each coin was valued by its decimal number. Eventually, Europe also started using this system, but it was much later. Minting of coins became the unconditional monopoly of the state. There were also gold coins, but they were mostly used for ceremonial purposes, as a reward to the soldiers. The ban on export of precious metals was introduced. It became more common to search for the precious metals such as silver within the country. The monetary system was further strengthened by the increase in export, and a positive balance in the internal trade.
