1
Stage 1 of 4
sarraf
Arabic · medieval
"money changer, banker"
named a money changer, banker, or coin assayer in the medieval Islamic world
2
Stage 2 of 4
sarraf
Persian · medieval
"money changer"
adopted into Persian and Indo-Persian commercial vocabulary
3
Stage 3 of 4
sharaf
Gujarati · 1500s
"banker, coin tester"
spread into Mughal-era Indian commerce as coin testing and exchange became specialized trades
4
Stage 4 of 4
shroff
English · early 1600s
"banker, money changer"
adopted by English traders in colonial India and the Far East
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