Economy, asked by hemantnarula6913, 1 year ago

Who introduced token currency in asia prior to muhammad bin tughlaq?

Answers

Answered by sneha8665
1
Alauddin Khilji.
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Answered by Anonymous
3

Answer:

Muhammad Tughluq also paid his soldiers cash salaries. But instead of controlling prices, he used a “token” currency, somewhat like present-day paper currency, but made out of cheap metals, not gold and silver. People in the fourteenth century did not trust these coins. They were very smart: they saved their gold and silver coins and paid all their taxes to the state with this token currency. This cheap currency could also be counterfeited easily.

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