Muhamad-bin Tughluqs schemes were well-conceived but poorly executed. Discuss this statement with reference to his token currency experiment.
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his token experiment went wrong as both Cooper and silver had the same value as there was shortage of silver
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Explanation:
Muhammad-bin-Tughlaq was a very powerful ruler. He ruled from 1325 to 1351. He had great ideas and plans, but they failed as the common people could not understand them.
Muhammad-bin-Tughlaq minted coins of brass and copper for day to day use. These coins were equal in value as the pure silver coins and could be exchanged for silver coins from the royal treasury. This was well-conceived scheme to meet the world wide shortage of silver. However he took no steps to prevent the illegal minting of brass and copper coins. A large number of forged coins came into circulation for silver coins. Thus this well conceived scheme failed due to poor execution.
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