- Muhammad-bin Tughluq
- Firuz Shah Tughluq
- Ghiyaz-ud-din Tughluq
- None of these
Answer (Detailed Solution Below)
Option 1 : Muhammad-bin Tughluq
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Detailed Solution
Download Solution PDF- The Token Currency System in India was introduced by Muhammed-bin Tughluq.
- The Idea of token currency was borrowed from Paper Money issued by his contemporary Kublai Khan in China.
- Muhammed-bin Tughluq issued copper coins and kept their value at par with the gold and silver coins.
- The token currency had an adverse effect on the trade.
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