Event
Token currency of Muhammad bin Tughlaq
The token currency of Muhammad bin Tughlaq was an experiment begun in 1329 in which the Delhi Sultanate issued copper or brass coins to be accepted at the value of silver. Because the tokens were easy to imitate, widespread forgery followed and the scheme collapsed. The sultan was obliged to redeem the tokens, and accounts of the Delhi Sultanate treat the episode as an example of his costly and ill-fated reforms.
Mentioned in 1 profile
See also
Cite this entry
- APA
- The Epoch Institute. (2026). Token currency of Muhammad bin Tughlaq. In The Epoch Institute Encyclopedia. https://the-epoch-institute.org/encyclopedia/token-currency-of-muhammad-bin-tughlaq
- MLA
- “Token currency of Muhammad bin Tughlaq.” The Epoch Institute Encyclopedia, The Epoch Institute, 2026, https://the-epoch-institute.org/encyclopedia/token-currency-of-muhammad-bin-tughlaq. Accessed .
- Chicago
- The Epoch Institute. “Token currency of Muhammad bin Tughlaq.” The Epoch Institute Encyclopedia. 2026. https://the-epoch-institute.org/encyclopedia/token-currency-of-muhammad-bin-tughlaq.
- Harvard
- The Epoch Institute (2026) ‘Token currency of Muhammad bin Tughlaq’, The Epoch Institute Encyclopedia. Available at: https://the-epoch-institute.org/encyclopedia/token-currency-of-muhammad-bin-tughlaq (Accessed: ).
Last reviewed October 2026Random entry ↻