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Mohammad Tughlaq, the Sultan of Delhi from 1320 to 1351, introduced a new currency known as the "token currency" or "copper coins" in an attempt to replace the gold and silver coins with cheaper metal. This move aimed to facilitate trade and increase the money supply. However, the introduction of this currency led to widespread confusion and devaluation, ultimately resulting in economic turmoil and loss of trust in the currency system.
What else can I help you with?
Who completed the Qutab Minar?
Firoz Shah Tughlaq added the last two new stories of it.
What is the new name of dhoni?
mohammad salman dhoni
What is the currency for Marquesas?
new zealand currency
What is the currency used in newzealand?
New Zealand Currency is New Zealand dollar
What is the new currency used overseas?
Euro is the new currency used overseas.
What is the new greek currency?
the new greek currency is euro. it has replaced the earlier drachmas.
What is the currency used in New Delhi?
New Delhi is in India and the currency of India is the Rupee.
If the world uses one currency which countrys currency will be the dominant currency or will a completely new currency be invented?
Most certainly the Euro will be the most dominant. Maybe a new currency, but the Euro has the most value.
What is the Maori currency?
Maori currency is New Zealand currency i.e. Dollars and cents
What are the ratings and certificates for Mohammad Hossain's Intensive Care - 2006?
Mohammad Hossain's Intensive Care - 2006 is rated/received certificates of: Australia:PG New Zealand:M
What currency is used in which country?
The Azerbaijani New Manat is the currency of Azerbaijan The Yen is the currency of Japan The NZ dollar is the currency of New Zealand The pound Sterling is the currency of the United kingdom The Malaysian ringgit is the currency of Malasia The Chilean peso is the currency used in Chile etc
What is a new pence coin?
The coins struck in the United Kingdom up to 1967 were known as the old currency or £ - s - d. They included the old pennies struck up to that date. From Monday 15 February 1971 decimalisation took place and the new coins were the 1/2p, 1p and 2p. They were all given 'NEW PENNY' or 'NEW PENCE' as part of the legend as they were at the time the new currency. From 1983, after 12 years of being issued, they were simply called 'ONE PENNY' or 'TWO PENCE'. The 1/2p was withdrawn in 1984.
