For the first time token currency was introduced by ........

Ancient and Medival History Sultanate Period

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For the first time token currency was introduced by-

Feroz Shah Tughluq

Alauddin Khalji

Muhammad bin Tughluq

Ghiyasuddin Tughlaq

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Explanation:

Historian Ishwari Prasad writes that different coins of different shapes and sizes were produced by his mints which lacked the artistic perfection of design and finish. In 1330, after his failed expedition to Deogiri, he issued token currency; that is coins of brass and copper were minted whose value was equal to that of gold and silver coins. Historian Ziauddin Barani felt that this step was taken by Tughluq as he wanted to annex all the inhabited areas of the world for which a treasury was required to pay the army.