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Question
Why did Muhammad Tughlaq’s following scheme prove a failure?
Introduction of Token Currency.
Solution
In 1329 the Sultan introduced Token Currency by proclaiming that brass and copper coins could have the same use or function as that of gold and silver coins. This experiment also failed. Soon the gold and silver coins disappeared from the market and forged copper coins manufactured by people at their homes came into circulation. Trade and business came to a standstill.
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