Emergence of Copper Coins in India in 1325 - 1351

The German analyst commented on the views of Mohammad Bin Tughlaq, the great sultan who ruled Delhi between 1325 to 1351. During his period he introduced non - precious metal copper coins as currency by replacing the bullion coins due to less availability of silver on that period.

This view was unfortunately, half-a-dozen countries a little ahead of time.  The coin as currency are put into use and people has accepted the coinage. However very few people exchanged their gold or silver coins for the new copper coins. Almost the token currency was easy to forge and soon new coins were not accepted in the market.

Mohammad subsequently withdrawn the forged currency form the market and promised that to exchange of silver coins. This lead to heavy loss to his government. The royal treasury has drained by the compensation for citizen of his kingdom. According to the historian who lived in his period, copper coins lay heaped on the streets of Tughlabad. Later Delhi become bankrupt in the week and it took several years to regain form the event.

Author : Shri