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<p>[QUOTE=&quot;Sulla80, post: 25497217, member: 99456&quot;]Here is an example of Muhammad bin Tughluq&#039;s ill fated &quot;forced token currency&quot; - backed by precious metal held in the treasury. Widespread counterfeiting and a lack of confidence in the token currency led to economic chaos. The Sultan&#039;s attempt to stabilize the currency by accepting counterfeit coins in exchange for gold and silver, was a drain on the treasury. (Ref: Mitchiner WoI 2597 Delhi AH 732)</p><p>[ATTACH=full]1632202[/ATTACH][/QUOTE]</p><p><br /></p>

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