Which of the following medieval rulers introduced the token currency system by issuing copper and brass coins to circulate alongside silver tankas?

💡 Solution & Explanation

Muhammad bin Tughluq introduced token currency using copper and brass coins around 1329 to conserve silver reserves, though rampant counterfeiting forced him to withdraw them. Earlier sultans like Alauddin Khalji relied on strict market controls rather than currency experiments. His innovative administrative ventures frequently faced severe economic setbacks.