Thereafter from the 1560s to 1620s, Palembang became an active trade participant in two key products of the region, pepper and tin.
[7] The second half of the 17th century saw increasing monopoly of Dutch East Indies Company (VOC) in the pepper and tin trade.
[9][10] Around 1710, tin deposits were discovered on Bangka Island, which was part of Palembang Sultanate at the time.
[11][12] The discovery led to a tin surplus which was traded in form of ingots by the sultanate and provided materials for low denomination coinage in mass quantity.
The eighteenth century coinage of Palembang Sultanate consisted of two separate coin series.
[16][17] Palembang's output of coins had been fairly restrained before 1710, but tin surplus expanded the state's coinage.
[21][19] Common inconsistencies include size, weight, and inscriptions (which were especially prone of deformation in early types).
All currency of Palembang pitis consisted of coins made from tin-lead alloy, except for a single copper issue.
Pitis teboh were grouped into strings with a piece of rattan or twine, similar to Chinese cash.