Which global examples influenced MBT's token currency idea?

He was likely influenced by the 'Chao' paper currency of Kublai Khan in China and the failed 'Kao' system in Ilkhanid Iran.

Tughluq Economic Reforms

UPSC Archival Analysis

Q: Consider the following statements: **Assertion (A):** The scheme of the token currency of Muhammad Tughluq proved unsuccessful. **Reason (R):** Muhammad Tughluq did not have the proper control over currency issue. Choose the correct answer from the codes given below:

Muhammad Bin Tughluq's token currency failed primarily because the state could not control the illegal minting of coins, leading to widespread counterfeiting and devaluation.

Exam Year

2006

Evidence Source

UPSC Level

ID: HIS_MED_2006_84 Ref: Satish Chandra, Medieval India

Consider the following statements:
Assertion (A): The scheme of the token currency of Muhammad Tughluq proved unsuccessful.
Reason (R): Muhammad Tughluq did not have the proper control over currency issue.

Choose the correct answer from the codes given below:

Consider the following statements:Assertion (A): The scheme of the token currency of Muhammad Tughluq proved unsuccessful.Reason (R): Muhammad Tughluq did not have the proper control over currency issue.Choose the correct answer from the codes given below:

Consider the following statements:
Assertion (A): The scheme of the token currency of Muhammad Tughluq proved unsuccessful.
Reason (R): Muhammad Tughluq did not have the proper control over currency issue.

Choose the correct answer from the codes given below: