Question

describe in brief muhammad tughlaq's policy of token currency

Answer 1

The policy of muhammad tughlaq was not exactly good because he discovered the coins of brass of easy design so as brass was easily available people copied the design and start using soon the royal treasure was empty thats why policy was not exactly good

Answer 2

Answer:

Muhammad Tughluq also paid his soldiers cash salaries. But instead of controlling prices, he used a “token” currency, somewhat like present-day paper currency, but made out of cheap metals, not gold and silver. People in the fourteenth century did not trust these coins. They were very smart: they saved their gold and silver coins and paid all their taxes to the state with this token currency. This cheap currency could also be counterfeited easily.

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