1 write a note on the implications of the issue of bronze currency by muhammad bin tughlaq ?
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Class 7
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Answer:As the Sultan of Delhi, he ruled over northern parts of the Indian subcontinent and the Deccan. After he moved his capital to Daulatabad, in 1329, Tughlaq introduced representative or token money. These were coins of copper and brass that could be exchanged for fixed amounts of gold and silver from the Delhi Sultanate.
Explanation:
Answer:
Historian Ishwari Prasad writes that different coins of different shapes and sizes were produced by his mints which lacked the artistic perfection of design and finish. In 1330, after his failed expedition to Deogiri, he issued token currency; that is coins of brass and copper were minted whose value was equal to that of gold and silver coins. Historian Ziauddin Barani felt that this step was taken by Tughluq as he wanted to annex all the inhabited areas of the world for which a treasury was required to pay the army. Barani had also written that the sultan's treasury had been exhausted by his action of giving rewards and gifts in gold. In the rural areas, officials like the muqaddams paid the revenue in brass and copper coins and also used the same coins to purchase arms and horses.[21] As a result, the value of coins decreased, and, in the words of Satish Chandra, the coins became "as worthless as stones". This also disrupted trade and commerce. The token currency had inscriptions in Persian and Arabic marking the use of new coins instead of the royal seal and so the citizens could not distinguish between the official and the forged coins. Records show that the use of token currency has stopped in 1333 as Ibn Battuta who came to Delhi in 1334 and wrote a journal made no mention of this currency.[22