INDIAN HISTORY

Detailed explanation-1: -Mohammad bin Tughlaq issued token currency-the coins of brass and copper were minted whose value were equal to gold and silver coins. This experiment failed because during his time, most of the citizens were gold-smiths and hence they knew how to make fake coins.

Detailed explanation-2: -Muhammad Bin Tughlaq issued token money in 1330, after his unsuccessful expedition to Deogiri; that is, coins of brass and copper were minted whose worth was equivalent to that of coins of gold and silver. He decided to annex all the populated parts of the world for which the army needed a treasury to pay.

Detailed explanation-3: -Every person began to hoard the gold and silver coins. The excess of the counterfeit coins devalued the bronze coins, and it affected the trade and commerce adversely.

Detailed explanation-4: -Muhammad bin Tughluq was the Sultan of Delhi from 1325 to 1351. In 1330, after his failed expedition to Deogiri, he issued token currency, that is coins of brass and copper were minted whose value was equal to that of gold and silver coins.

Detailed explanation-5: -Answer: People started making copper coins at their homes and fake coins were circulated into the market. The traders refused to accept the coins and the economy collapse. Later, Tughlaq had to exchange these copper coins with genuine gold and silver coins which further depleted the royal treasury.