Historiographical reflections on local and transit trade relations on the Prut-Dniester area and the Lower Danube (late 13th - 14th century)

Due to the geographical position of the Prut-Dniester and the Lower Danube regions, there were lying the important trade routes and the important transit trade was carried out that in some ways contributed to their economic development. Through Transylvania and Wallachia there passed trade route linking the Western and Central Europe with the Black Sea region and the Balkan Peninsula and reaching the cities of the Adriatic coast; through the area of future Moldova there passed a road connecting the Baltic and the Black Seas. In transit trade there were involved Italian merchants from the Levant, Armenian merchants of Poland, and Transylvanian Saxons, who traded here "overseas goods": from the East - pepper, spices, from Western and Central Europe - cloth, linen, weapons, agricultural tools. In return, foreign merchants were buying in these areas cattle, horses, hides, wax, grain, etc. Need in money, especially the fractional coins often needed in small business transactions, has led to cutting coins into equal parts and stamping local imitations of foreign coins. In the 14th century in the mouth of the Danube there is attested the existence of "banks" and "bankers" engaged in exchange of money. Trading activity was stimulated by the transit of goods on major trade routes of Europe, as well as the opening of the local market for high-quality goods of the European market. The expansion of trade exchange contributed to the economic prosperity of the independent Romanian states and increasing of their military power that brought them to the international political arena.