Social Sciences, asked by laxmikagadal3, 2 months ago

please give me a explanation in English
experiment of symbolic coins in tugulaq dynasty:- the value of the currency was made adjusted to value of gold and silver coins in circulation of his time. he brought gold coin named dinar and silver coin named adli into circulation. the coins were asthetically designed. after few years the copper and brass coins were also brought into circulation symbolically.
Then, minting coins was not vested with the government alone. families who had traditional rights to mint coins were also there the coins were minted more than the required number without the permission of the Sultan. this resulted in choas.the state treasury became empty due to costly administrative experiments severe drought the shifting of his capital city the process of relocating the capital back and other measures​

Answers

Answered by s888
1

Mohammed-bin-Tughlaq introduced the "token currency system". Since money is merely a medium of exchange, token currencies do not have to depend on the supply of gold and silver. There was a shortage of silver in the world in the fourteenth century and that is why Mohammad-bin-Tughlaq introduced token currency. So the reason is not correct.

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