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Lincoln-Kennedy Coincidences and Indian History
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Who introduced first the famous token currency system in India?
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A
Muhamad-bin-Tughlak
💡 Explanation:
Muhammad bin Tughlaq introduced the token currency system in India in the 14th century. He issued copper coins that were meant to have the same value as silver and gold coins, but this experiment failed because people began forging the copper coins and the genuine metal coins disappeared from circulation.