Describe the transfer of capital and the introduction of token currency by Muhammad Tughlaq?
Answers
Explanation:
Muhammad tughlaq transferred his capital from Delhi to Devgiri. after five years, he ordered a retreat, which caused even greater hardship to the people. He introduced token currency because there was shortage silver at that time so he decided to issue copper coin which would have the same value as that of silver and gold coin. He then thought of issuing token currency of copper instead of silver coins
but due to increased circulation of counterfeit coins, he had withdraw his order.
Answer:
Realising that Delhi was vulnerable to Mongol attack he built a new city renamed it Daulatabad and shifted his captical there.After that one of the most daring and original scheme to overcome the shortage of silver was introduced of token currency
Explanation: