Compare the impact of token currency introduced by Tughlaq with that of demonitisation implemented in our country.
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s croll.in/ article/821406 /demoneti sati on-l esson s-how-t ughlaqs-unplanned-currency-chang e-in-14th-century-i ndia-l ed-to-chao s
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As good money was driven out of circulation, the token coins became practically valueless, leading to hyperinflation. Foreign traders also refused to accept them, paralysing trade. Realising that his scheme had failed, Tughlaq withdrew the currency in an attempt to stem the...
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