Choose whether the given statement is true/false:

Muhammad bin Tughluq introduced token currency.

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Detailed Solution

The above statement is true.
Muhammad Bin Tughlaq introduced the token currency in the Delhi Sultanate. After his failed expedition to Deogiri, Muhammad Bin Tughlaq produced token currency in 1330, which consisted of brass and copper coins with a value equal to that of gold and silver coins. He made the decision to invade all populated areas on the globe for which the army required a treasury. Coins lost value as a result, and they ended up being as useless as shells. Trade and industry were also impacted by this. His administrative strategies failed, which led to a number of problems in the Sultanate.

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