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I just this one question what steps did Muhammad bin Tughlaq took to combat the shortage of silver coins
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To combat the shortage of silver coins, he introduced copper coin at par with the value of silver coins. However, this step caused economic chaos. He then withdrew the copper coin and issued an order to the people to exchange copper coins with gold and silver coins from the royal treasury.
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During the year 1929 to 1930 there was a shortage of silver coins in the region thus Muhammad bi tughalaq started issuing copper and bronze coins. People started using them but this brought chaos because people started buying their own bronze and copper’s metal sheet and started minting their own coins making it difficult to differentiate between the fake and genuine coins.
During the year 1929 to 1930 there was a shortage of silver coins in the region thus Muhammad bi tughalaq started issuing copper and bronze coins. People started using them but this brought chaos because people started buying their own bronze and copper’s metal sheet and started minting their own coins making it difficult to differentiate between the fake and genuine coins.
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