Who introduced token currency in the Sultanate?

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An Intiative by Sri Chaitanya

Khizr Khan

Muhammad bin Tughluq

Raziyya

Alauddin Khilji

answer is A.

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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.

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