Who introduced token currency in the Sultanate?

see full answer

Start JEE / NEET / Foundation preparation at rupees 99/day !!

21% of IItians & 23% of AIIMS delhi doctors are from Sri Chaitanya institute !!

An Intiative by Sri Chaitanya

Muhammad bin Tughluq

Raziyya

Alauddin Khilji

Khizr Khan

answer is A.

(Unlock A.I Detailed Solution for FREE)

Ready to Test Your Skills?

Check your Performance Today with our Free Mock Test used by Toppers!

Take Free Test

Detailed Solution

Muhammad bin Tughluq introduced token currency. Muhammad Bin Tughlaq ruled as the Sultan of Delhi from 1325 to 1351. Muhammad Bin Tughlaq introduced the token currency in India. After his unsuccessful expedition to Deogiri, he began issuing token currency in 1330, which consisted of brass and copper coins with a value equal to that of gold and silver coins. Barani had also claimed that his act of giving the sultan's treasury a financial blow by awarding awards and gifts in gold. In rural areas, officials like the muqaddams paid the revenue in brass and copper coins and even used the same currencies to buy horses and weapons. Coins lost value as a result, and they ended up being as useless as shells.

Watch 3-min video & get full concept clarity

Result Producing online coaching for JEE/NEET of south India

Largest All India Test Series for JEE/NEET

Best Books for IIT JEE

Best Books for NEET

How to Join IIT after 10th

🔥 Start Your JEE/NEET Prep at Just ₹1999 / month - Limited Offer! Check Now!

Get Expert Academic Guidance – Connect with a Counselor Today!

Result Producing online coaching for JEE/NEET of south India

Largest All India Test Series for JEE/NEET

Best Books for IIT JEE

Best Books for NEET

How to Join IIT after 10th