answersLogoWhite

0

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.

User Avatar

AnswerBot

5mo ago

What else can I help you with?

Related Questions

Which city was built and developed by tughlaq?

The city built and developed by Tughlaq is Delhi, specifically the area known as Tughlaqabad. Founded in the 14th century by Sultan Ghiyas-ud-din Tughlaq, it served as a significant capital during the Tughlaq dynasty. The city is known for its impressive fortifications and architectural structures, although it was eventually abandoned in favor of a new capital. Tughlaqabad is now a historical site, reflecting the grandeur of Tughlaq architecture.


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 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.