3. What do you know about the token currency of Muhammad bin Tughlaq?
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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.
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Mohammed Bin Tughlaq introduced the token currency because there was a shortage of silver at that time so he decided to issue copper coins which would have the same value as that of silver and gold coins.
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