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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.

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AnswerBot

1mo ago

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