4. Muhammad bin Tughluq's schemes were well-conceived but poorly executed. Discuss this
statement with reference to his token currency experiment.
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Answers
Answer:
• Prince Jauna Khan, also know as Muhammad bin Tughlaq ascended the throne in 1325 CE.
• He was one of the most wise and accomplished Sultans of Delhi Sultanate.
• Muhammad bin Tughlaq tried to undertake many administrative reforms, but most of his plans failed because he was impractical.
• The introduction of token currency was another administrative measure by him.
• He tried another novel experiment in order to replenish the treasury and to find the resources for his territorial expansions and administration.
• This was the introduction of established token (bronze) currency. He instructed that
the bronze coins should be considered equal in value to the silver coins, known as tanka.
• This experiment also failed because of forging of new coins. The government was not able to prevent counterfeit coins.
• The new coins began to be devalued. Forged coins resulted in a huge loss of revenue.
• When he came to know about the failure of his monetary measure, he ordered that all token coins be exchanged with the silver coins.
• Even the forged coins were exchanged in returns of the silver ones, resulting in a great loss to the government.
Answer:
“Muhammad-bin-Tughlaq's schemes were well-conceived but poorly executed'. Discuss this statement with reference to his token currency experiment. Answer: Muhammad-bin-Tughlaq was a very powerful ruler. ... Muhammad-bin-Tughlaq minted coins of brass and copper for day to day use.
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