Why did Muhammad bin Tughlaq introduce token currency? Explain the reason in five points,why this experiment failed
Answers
Answer:
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Explanation:
Muhammad Tughlaq issued token currency because there was a shortage of gold coins and the Sultan on the other hand needed money. ... 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.
Answer:
Muhammad Tughlaq issued token currency because there was a shortage of gold coins and he wanted and needed more money.
issued copper coins and kept their value at par with the gold and silver coins
The Sultan did not exercise a strict check to ensure that the people did not make their
He introduced copper coins which were equivalent to the value of gold and silver coins. However ,soon, local goldsmiths started to manufacturer these coins by themselves and as a result a lot of forged coins which did not have any value entered into the system. The coins introduced by him also did not bear any kind of state seal and so they were easy to forge, as Barani states, “ house of every Hindu turned into a mint”. This forced the Sultan to repeal the edict and he had to exchange all the copper coins with that of silver and gold . So much of copper coins were brought to treasury that heaps of them
Explanation: Why did he do well the Sultan on the other hand needed more money on account of various reasons, the main reason was because he wanted to raise a huge army in thought an want of conquering the whole world.