Mohammad Bin Tughlaq
In the 13th century, Emperor Muhammed-Bin-Tughlaq introduced leather as a form of currency on a mass scale in India; he was inspired by the paper money that had been used in China. As the Sultan of Delhi, he ruled over northern parts of the Indian subcontinent and the Deccan. After he moved his capital to Daulatabad, in 1329, Tughlaq introduced representative or token money. These were coins of copper and brass that could be exchanged for fixed amounts of gold and silver from the Delhi Sultanate.
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