Which of the following Delhi Sultans introduced token currency made of copper and brass coins, making their face value equivalent to gold and silver coins?

💡 Solution & Explanation

Muhammad bin Tughluq introduced token currency using copper and brass coins minted with face values equivalent to gold and silver coins. This ambitious experiment failed primarily because the state failed to prevent widespread private counterfeiting of the token coins. Such radical administrative measures highlight the experimental nature of his economic policies.