Briefly describe the problems face by the ruler of introducing token currency?
plss give me the answer soon
Answers
Answer:
Muhammad bin Tughluq was the Sultan of Delhi from 1325 to 1351. 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. Use of token coins can be successful when the government alone makes them and takes people into confidence, but Tughlaq failed to check counterfeiting of currrency.
Explanation:
Hope it helps you
Mark as brainliest pls
Answer:
I hope help you .
Explanation:
What is the reason why Muhammad bin Tughluq's token currency was considered a failure?
Born between 1970-1990? Get 1 crore term life cover @ ₹490/month.
Muhammad bin Tughluq needed more money on account of various reasons. He wanted to raise a huge army as he is said to have thought of conquering the whole world. He had also distributed a lot of money among nobles to please them when he ascended the throne after the death of his father which had occurred on account of his participation in a conspiracy. Muhammad Tughlaq issued token currency because there was a shortage of gold coins and the Sultan on the other hand needed money. He tried to follow the footsteps of the Emperor of China who had issued paper currency in China in the 13th century.