describe the failed policies of Muhammad bin Tughlaq?
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The failure of the earlier plans of Muhammad bin Tughluq caused a great loss to the treasury. Being badly in need of money, he tried another novel experiment. This was the introduction of token (copper) currency. ... He then announced that all the copper coins could be exchanged with the gold and silver coins.
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The failure of the earlier plans of Muhammad bin Tughluq caused a great loss to the treasury. Being badly in need of money, he tried another novel experiment. This was the introduction of token (copper) currency. He ordered that the copper coins should be considered equal in value to the gold and silver ones.
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