Question

‘Muhammad-bin Tughluq’s schemes were well-conceived but poorly executed’. Discuss this statement with reference to his token currency experiment.

Answer 1

Answer:

Mohammad bin Tughlaq issued token currency - the coins of brass and copper were minted whose value were equal to gold and silver coins. This experiment failed because during his time, most of the citizens were gold-smiths and hence they knew how to make fake coins. Minting was not regulated, as a result, the value of coins decreased.

Explanation:

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Answer 2

Explanation:

Answer: Mohammad bin Tughlaq issued token currency - the coins of brass and copper were minted whose value were equal to gold and silver coins. This experiment failed because during his time, most of the citizens were gold-smiths and hence they knew how to make fake coins.