Promissory notes payable in tobacco were even used as currency, with the cost of almost every commodity, from servants to wives, given in pounds of tobacco
India is the world's second-largest producer of tobacco after China
This decline translates to $116 million less cigarette tax revenue for Massachusetts (not including sales taxA sales tax is levied on retail sales of goods and services and, ideally, should apply to all final consumption with few exemptions
The countries covered in this market report are China, India, Japan, Australia, Indonesia, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, Taiwan, New Zealand, UK, Germany, France, Italy, Spain, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Scholar Iain Gately writes: [Tobacco was established as currency]
