What was the token currency?How did it affect the financial state of the Sultanate?
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Muhammad bin Tughluq needed more money on account of various reasons. He wanted to raise a huge army as he is said to have thought of conquering the whole world. He had also distributed a lot of money among nobles to please them when he ascended the throne after the death of his father which had occurred on account of his participation in a conspiracy. Muhammad Tughlaq issued token currency because there was a shortage of gold coins and the Sultan on the other hand needed money. He tried to follow the footsteps of the Emperor of China who had issued paper currency in China in the 13th century.
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